UBS Group Trims Floor & Decor (NYSE:FND) Target Price to $125.00

Floor & Decor (NYSE:FND) had its price objective cut by UBS Group from $135.00 to $125.00 in a report published on Friday, Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lowered shares of Floor & Decor from an overweight rating to an equal weight rating and lifted their price objective for the stock from $85.00 to $105.00 in a research report on Thursday, January 4th. Barclays upped their price objective on Floor & Decor from $66.00 to $75.00 and gave the company an underweight rating in a research note on Thursday, January 4th. Stifel Nicolaus lowered their target price on Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research note on Monday, February 26th. TD Cowen cut their price target on Floor & Decor from $125.00 to $115.00 and set a hold rating for the company in a research note on Friday. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $110.00 price objective on shares of Floor & Decor in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $108.76.

Floor & Decor Price Performance

Floor & Decor stock opened at $113.04 on Friday. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company’s 50 day moving average price is $118.90 and its two-hundred day moving average price is $106.41. The stock has a market cap of $12.07 billion, a P/E ratio of 54.61, a P/E/G ratio of 5.51 and a beta of 1.86. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS 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 analyst estimates of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. Floor & Decor’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 earnings per share. On average, equities analysts predict that Floor & Decor will post 1.9 earnings per share for the current year.

Insider Buying and Selling at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $2,999,667.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the sale, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 226,080 shares of the company’s stock, valued at $27,122,817.60. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 over the last three months. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Floor & Decor

A number of large investors have recently added to or reduced their stakes in the business. RiverPark Advisors LLC boosted its position in Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after buying an additional 473 shares during the period. FORA Capital LLC lifted its stake in shares of Floor & Decor by 1.9% in the 1st quarter. FORA Capital LLC now owns 21,356 shares of the company’s stock valued at $2,768,000 after acquiring an additional 406 shares during the last quarter. Capstone Investment Advisors LLC boosted its holdings in Floor & Decor by 36.4% during the 1st quarter. Capstone Investment Advisors LLC now owns 4,079 shares of the company’s stock valued at $529,000 after acquiring an additional 1,088 shares during the period. Janney Montgomery Scott LLC grew its position in Floor & Decor by 166.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company’s stock worth $8,073,000 after acquiring an additional 38,895 shares during the last quarter. Finally, Vantage Investment Partners LLC increased its stake in Floor & Decor by 23.4% in the 1st quarter. Vantage Investment Partners LLC now owns 227,409 shares of the company’s stock worth $29,458,000 after purchasing an additional 43,164 shares during the period.

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.