Floor & Decor (NYSE:FND) PT Lowered to $115.00 at Evercore ISI

Floor & Decor (NYSE:FND) had its price objective cut by Evercore ISI from $120.00 to $115.00 in a research report released on Friday morning, Benzinga reports. They currently have an in-line rating on the stock.

A number of other brokerages also recently issued reports on FND. Wedbush restated an outperform rating and set a $125.00 price objective on shares of Floor & Decor in a research report on Friday. Mizuho dropped their price target on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a research report on Friday. Wells Fargo & Company lowered shares of Floor & Decor from an overweight rating to an equal weight rating and upped their price objective for the company from $85.00 to $105.00 in a research note on Thursday, January 4th. Stifel Nicolaus dropped their target price on shares of Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a report on Monday, February 26th. Finally, UBS Group lowered Floor & Decor from a buy rating to a neutral rating and set a $135.00 target price on the stock. in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Floor & Decor currently has a consensus rating of Hold and a consensus target price of $108.76.

Floor & Decor Trading Up 0.2 %

Shares of FND opened at $113.04 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 5.51 and a beta of 1.86. The business’s fifty day moving average is $118.90 and its 200-day moving average is $106.41.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. Equities analysts anticipate that Floor & Decor will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Norman Axelrod sold 40,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the completion of the transaction, the director now directly owns 226,080 shares of the company’s stock, valued at approximately $27,122,817.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Floor & Decor news, Director Norman Axelrod sold 40,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the sale, the director now directly owns 226,080 shares in the company, valued at $27,122,817.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,867 shares of company stock worth $11,016,089. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FND. Riverview Trust Co purchased a new position in Floor & Decor during the first quarter worth about $26,000. Mendota Financial Group LLC purchased a new position in shares of Floor & Decor during the fourth quarter worth about $33,000. Rise Advisors LLC bought a new position in shares of Floor & Decor in the first quarter worth approximately $39,000. DekaBank Deutsche Girozentrale purchased a new stake in Floor & Decor in the third quarter valued at approximately $30,000. Finally, Global Retirement Partners LLC lifted its position in Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after purchasing an additional 167 shares during the last quarter.

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.