Floor & Decor (NYSE:FND) Price Target Cut to $80.00 by Analysts at Evercore ISI

Floor & Decor (NYSE:FND) had its price target trimmed by Evercore ISI from $85.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.

Several other analysts also recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Floor & Decor in a research note on Saturday, September 27th. Telsey Advisory Group reissued an “outperform” rating and issued a $92.00 price target on shares of Floor & Decor in a research note on Tuesday, August 12th. Guggenheim lowered their price target on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 1st. Finally, Wall Street Zen downgraded shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Five analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $88.31.

Floor & Decor Stock Down 2.0%

Shares of NYSE:FND opened at $70.30 on Tuesday. Floor & Decor has a 52-week low of $66.01 and a 52-week high of $122.90. The firm has a fifty day moving average of $81.49 and a 200 day moving average of $78.04. The firm has a market capitalization of $7.57 billion, a PE ratio of 36.05, a price-to-earnings-growth ratio of 3.08 and a beta of 1.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. As a group, research analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after acquiring an additional 152 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Floor & Decor during the first quarter valued at about $47,000. State of Wyoming bought a new position in Floor & Decor in the second quarter worth about $46,000. Steph & Co. bought a new position in Floor & Decor in the third quarter worth about $48,000. Finally, eCIO Inc. bought a new position in Floor & Decor in the first quarter worth about $62,000.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.