Floor & Decor (NYSE:FND) Given New $80.00 Price Target at TD Cowen

Floor & Decor (NYSE:FND) had its target price lifted by TD Cowen from $77.00 to $80.00 in a research note released on Tuesday,Benzinga reports. They currently have a hold rating on the stock.

Several other analysts have also recently commented on FND. Morgan Stanley lowered their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. The Goldman Sachs Group raised shares of Floor & Decor from a “sell” rating to a “neutral” rating and cut their target price for the company from $80.00 to $71.00 in a research note on Thursday, November 13th. Barclays dropped their price objective on shares of Floor & Decor from $78.00 to $70.00 and set a “positive” rating on the stock in a research note on Thursday, January 8th. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $82.55.

Floor & Decor Stock Down 4.8%

FND stock opened at $72.43 on Tuesday. The stock has a market capitalization of $7.80 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.97 and a beta of 1.73. The company has a fifty day moving average of $64.37 and a 200-day moving average of $72.85. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. Floor & Decor has a one year low of $55.11 and a one year high of $108.76.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company posted $0.48 earnings per share. Floor & Decor’s quarterly revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, analysts expect that Floor & Decor will post 2 EPS for the current year.

Insider Activity at Floor & Decor

In other news, President Bradley Paulsen purchased 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, with a total value of $301,350.00. Following the purchase, the president owned 30,000 shares in the company, valued at $1,808,100. This trade represents a 20.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new stake in shares of Floor & Decor during the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. raised its stake in Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 247 shares during the period. State of Wyoming acquired a new stake in Floor & Decor during the 2nd quarter valued at $46,000. Steph & Co. purchased a new stake in shares of Floor & Decor in the third quarter valued at $48,000. Finally, Mather Group LLC. acquired a new stake in shares of Floor & Decor in the third quarter worth $49,000.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.