Evercore ISI Cuts Floor & Decor (NYSE:FND) Price Target to $65.00

Floor & Decor (NYSE:FND) had its price objective lowered by Evercore ISI from $75.00 to $65.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has an in-line rating on the stock.

FND has been the topic of a number of other reports. The Goldman Sachs Group boosted their price target on Floor & Decor from $70.00 to $80.00 and gave the company a “sell” rating in a report on Friday, October 31st. Wolfe Research initiated coverage on Floor & Decor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Citigroup decreased their price target on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Finally, UBS Group cut their price objective on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $83.95.

Floor & Decor Stock Performance

Shares of FND opened at $61.23 on Tuesday. The firm has a market cap of $6.60 billion, a P/E ratio of 30.62, a PEG ratio of 2.75 and a beta of 1.70. Floor & Decor has a twelve month low of $58.01 and a twelve month high of $122.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The firm’s 50 day moving average price is $73.54 and its two-hundred day moving average price is $76.54.

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

Insider Buying and Selling at Floor & Decor

In related news, President Bradley Paulsen purchased 5,000 shares of the stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $60.27 per share, with a total value of $301,350.00. Following the transaction, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after acquiring an additional 152 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Floor & Decor during the 1st quarter worth about $47,000. State of Wyoming bought a new stake in shares of Floor & Decor in the 2nd quarter valued at about $46,000. Steph & Co. acquired a new stake in Floor & Decor in the 3rd quarter valued at about $48,000. Finally, Mather Group LLC. acquired a new stake in Floor & Decor in the 3rd quarter valued at about $49,000.

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.