TD Cowen Cuts Floor & Decor (NYSE:FND) Price Target to $115.00

Floor & Decor (NYSE:FND) had its price objective reduced by TD Cowen from $125.00 to $115.00 in a research note published on Friday morning, Benzinga reports. TD Cowen currently has a hold rating on the stock.

A number of other research analysts also recently commented on FND. Truist Financial increased their price objective on Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a report on Tuesday, February 20th. UBS Group cut shares of Floor & Decor from a buy rating to a neutral rating and set a $135.00 price objective on the stock. in a report on Tuesday, March 5th. Telsey Advisory Group restated a market perform rating and issued a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. Bank of America boosted their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the company a buy rating in a research report on Thursday, March 14th. Finally, Evercore ISI dropped their price objective on Floor & Decor from $120.00 to $115.00 and set an in-line rating on the stock in a report on Friday. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $108.76.

Floor & Decor Stock Up 3.5 %

Shares of NYSE:FND opened at $116.97 on Friday. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of 56.51, a price-to-earnings-growth ratio of 5.51 and a beta of 1.86. The firm’s 50 day moving average price is $118.92 and its 200 day moving average price is $106.64.

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

Insider Buying and Selling

In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the transaction, the chief financial officer now owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now directly owns 17,422 shares in the company, valued at $2,088,200.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock valued at $11,016,089 over the last three months. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FND. Polen Capital Management LLC grew its stake in shares of Floor & Decor by 59,133.5% during the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after purchasing an additional 25,141,795 shares during the period. Capital World Investors boosted its holdings in Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after buying an additional 627,256 shares in the last quarter. FMR LLC grew its position in Floor & Decor by 13.1% during the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after buying an additional 531,891 shares during the period. Wellington Management Group LLP increased its holdings in Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after buying an additional 531,574 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Floor & Decor by 3,355.8% during the 4th quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock valued at $49,598,000 after acquiring an additional 431,718 shares during the period.

Floor & Decor Company Profile

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.