Floor & Decor (NYSE:FND) Price Target Lowered to $120.00 at Evercore ISI

Floor & Decor (NYSE:FND) had its target price cut by Evercore ISI from $125.00 to $120.00 in a report published on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

Other equities analysts also recently issued research reports about the company. Mizuho assumed coverage on Floor & Decor in a research report on Tuesday, March 19th. They set a neutral rating and a $115.00 price target on the stock. Barclays increased their price target on Floor & Decor from $66.00 to $75.00 and gave the company an underweight rating in a research note on Thursday, January 4th. TD Cowen initiated coverage on shares of Floor & Decor in a research report on Wednesday, April 10th. They set a hold rating and a $125.00 price objective for the company. Wells Fargo & Company downgraded 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 report on Thursday, January 4th. Finally, The Goldman Sachs Group raised their target price on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of $110.19.

Floor & Decor Trading Up 1.1 %

NYSE FND opened at $109.58 on Tuesday. The company has a market cap of $11.70 billion, a PE ratio of 48.27, a PEG ratio of 5.21 and a beta of 1.85. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The stock has a 50 day moving average of $119.01 and a 200-day moving average of $104.31. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 earnings per share. On average, equities research analysts anticipate that Floor & Decor will post 1.92 EPS for the current fiscal year.

Insider Transactions at Floor & Decor

In related news, CEO Thomas V. Taylor sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total value of $2,462,200.00. Following the completion of the transaction, the chief executive officer now owns 174,315 shares of the company’s stock, valued at $21,459,919.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Floor & Decor news, CEO Thomas V. Taylor sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total value of $2,462,200.00. Following the transaction, the chief executive officer now directly owns 174,315 shares of the company’s stock, valued at approximately $21,459,919.65. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $702,978.90. Following the completion of the transaction, the chief financial officer now owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The disclosure for this sale can be found here. In the last three months, insiders have 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

A number of large investors have recently modified their holdings of the business. New York State Teachers Retirement System bought a new stake in shares of Floor & Decor during the 4th quarter worth $4,161,000. Pacer Advisors Inc. acquired a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $1,767,000. Kestra Advisory Services LLC grew its holdings in shares of Floor & Decor by 7.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock valued at $479,000 after purchasing an additional 349 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Floor & Decor during the 4th quarter valued at approximately $1,284,000. Finally, State Board of Administration of Florida Retirement System increased its position in Floor & Decor by 28.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 122,211 shares of the company’s stock worth $11,060,000 after purchasing an additional 26,732 shares in the last quarter.

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.