Floor & Decor (NYSE:FND) PT Lowered to $110.00

Floor & Decor (NYSE:FND) had its price objective cut by Mizuho from $115.00 to $110.00 in a research note published on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also issued reports on FND. Piper Sandler increased their target price on shares of Floor & Decor from $105.00 to $115.00 and gave the company a neutral rating in a research report on Tuesday, April 9th. Truist Financial boosted their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a buy rating in a report on Tuesday, February 20th. TD Cowen assumed coverage on shares of Floor & Decor in a research note on Wednesday, April 10th. They set a hold rating and a $125.00 target price for the company. UBS Group lowered shares of Floor & Decor from a buy rating to a neutral rating and set a $135.00 price target on the stock. in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus cut their price objective on Floor & Decor from $115.00 to $110.00 and set a hold rating for the company in a research report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $108.76.

Floor & Decor Price Performance

Shares of NYSE FND opened at $113.04 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The firm has a market capitalization of $12.07 billion, a PE ratio of 54.61, a P/E/G ratio of 5.51 and a beta of 1.86. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The business’s fifty day moving average price is $118.90 and its two-hundred day moving average price is $106.41.

Floor & Decor (NYSE:FND) last released its quarterly earnings data 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 business had revenue of $1.10 billion for 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS. On average, research analysts expect that Floor & Decor will post 1.9 EPS for the current year.

Insider Activity at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the sale, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Bryan Langley sold 5,865 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in FND. New York State Teachers Retirement System acquired a new stake in Floor & Decor in the 4th quarter valued at approximately $4,161,000. Pacer Advisors Inc. acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $1,767,000. Kestra Advisory Services LLC boosted its holdings in shares of Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock worth $479,000 after acquiring an additional 349 shares in the last quarter. Yousif Capital Management LLC acquired a new position in Floor & Decor in the fourth quarter worth $5,614,000. Finally, State of Alaska Department of Revenue acquired a new position in Floor & Decor during the 4th quarter worth about $1,284,000.

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.