TD Cowen Cuts Floor & Decor (NYSE:FND) Price Target to $100.00

Floor & Decor (NYSE:FND) had its price objective trimmed by TD Cowen from $115.00 to $100.00 in a report released on Friday, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other brokerages have also weighed in on FND. UBS Group cut their target price on shares of Floor & Decor from $135.00 to $125.00 and set a neutral rating on the stock in a research report on Friday, May 3rd. Truist Financial cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a buy rating on the stock in a report on Wednesday, July 10th. Bank of America lifted their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a buy rating in a report on Thursday, March 14th. Mizuho cut their price target on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a report on Friday, May 3rd. Finally, Wedbush reiterated an outperform rating and set a $125.00 price target on shares of Floor & Decor in a report on Friday, May 3rd. Two 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. Based on data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $107.33.

Floor & Decor Price Performance

FND opened at $94.72 on Friday. 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 has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a fifty day simple moving average of $111.61 and a 200 day simple moving average of $112.90. The stock has a market cap of $10.14 billion, a P/E ratio of 45.76, a P/E/G ratio of 9.85 and a beta of 1.73.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.10 billion during 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 firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, research analysts expect that Floor & Decor will post 1.87 EPS for the current year.

Insider Activity

In related news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the sale, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,778 shares of company stock worth $5,182,791. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP grew its holdings in shares of Floor & Decor by 435.1% during the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after purchasing an additional 531,574 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in Floor & Decor by 5.4% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 4,308 shares of the company’s stock worth $481,000 after acquiring an additional 222 shares during the last quarter. Bennett Selby Investments LP grew its holdings in Floor & Decor by 10.3% in the 4th quarter. Bennett Selby Investments LP now owns 111,774 shares of the company’s stock worth $12,470,000 after acquiring an additional 10,397 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after acquiring an additional 113 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in Floor & Decor by 111.1% in the 4th quarter. SG Americas Securities LLC now owns 7,421 shares of the company’s stock worth $828,000 after acquiring an additional 3,906 shares during 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.