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

Floor & Decor (NYSE:FND) had its price target decreased by stock analysts at Evercore ISI from $120.00 to $115.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 1.73% from the stock’s previous close.

A number of other research firms have also commented on FND. Wedbush restated an “outperform” rating and set a $125.00 price target on shares of Floor & Decor in a research report on Friday. Barclays upped their target price on Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, January 4th. The Goldman Sachs Group lifted their price target on Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a research report on Monday, February 26th. UBS Group cut shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price objective on the stock. in a research report on Tuesday, March 5th. Finally, TD Cowen began coverage on shares of Floor & Decor in a research report on Wednesday, April 10th. They set a “hold” rating and a $125.00 target price for the company. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average price target of $108.76.

Floor & Decor Stock Performance

NYSE:FND 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 business’s fifty day moving average is $118.90 and its 200 day moving average is $106.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 5.48 and a beta of 1.86.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm 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 11.97%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. Research analysts predict that Floor & Decor will post 1.9 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently modified their holdings of FND. Riverview Trust Co purchased a new stake in shares of Floor & Decor in the 1st quarter worth about $26,000. DekaBank Deutsche Girozentrale bought a new position in shares of Floor & Decor during the third quarter valued at approximately $30,000. Mendota Financial Group LLC purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $33,000. Rise Advisors LLC purchased a new position in Floor & Decor during the first quarter valued at $39,000. Finally, Global Retirement Partners LLC boosted its holdings in Floor & Decor by 97.1% in the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after acquiring an additional 167 shares in 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.