Floor & Decor (NYSE:FND) Receives Outperform Rating from Wedbush

Wedbush restated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research report report published on Friday morning, Benzinga reports. Wedbush currently has a $125.00 target price on the stock.

Several other research analysts also recently weighed in on FND. Evercore ISI cut their price target on Floor & Decor from $125.00 to $120.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. Stifel Nicolaus decreased their price objective on Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research note on Monday, February 26th. TD Cowen started coverage on Floor & Decor in a research note on Wednesday, April 10th. They issued a hold rating and a $125.00 target price for the company. Truist Financial raised their price objective on shares of Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a research report on Tuesday, February 20th. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $108.76.

Floor & Decor Stock Performance

Shares of FND opened at $116.97 on Friday. The stock has a 50 day moving average of $118.92 and a 200 day moving average of $106.64. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 56.51, a PEG ratio of 5.51 and a beta of 1.86.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. As a group, sell-side analysts forecast that Floor & Decor will post 1.9 earnings per share for the current year.

Insider Activity

In related news, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the completion of the sale, the director now directly owns 226,080 shares in the company, valued at approximately $27,122,817.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Norman Axelrod sold 40,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the completion of the sale, the director now owns 226,080 shares of the company’s stock, valued at $27,122,817.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the sale, the chief executive officer now directly owns 174,315 shares of the company’s stock, valued at $21,459,919.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Riverview Trust Co purchased a new position in Floor & Decor during the 1st quarter valued at about $26,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Floor & Decor in the third quarter worth approximately $30,000. Mendota Financial Group LLC purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $33,000. Rise Advisors LLC purchased a new stake in Floor & Decor in the first quarter worth approximately $39,000. Finally, Global Retirement Partners LLC raised its stake in Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after buying an additional 167 shares during the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.