JPMorgan Chase & Co. Lowers Floor & Decor (NYSE:FND) Price Target to $92.00

Floor & Decor (NYSE:FND) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $99.00 to $92.00 in a research note issued on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 6.03% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Telsey Advisory Group lowered their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday. Citigroup cut their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Evercore ISI dropped their price objective on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. TD Cowen lowered their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Finally, Truist Financial lowered their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $103.32.

Floor & Decor Price Performance

Floor & Decor stock traded up $3.76 during midday trading on Friday, reaching $97.90. The company’s stock had a trading volume of 4,632,778 shares, compared to its average volume of 1,511,201. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $105.18 and a 200-day moving average price of $111.67. The stock has a market cap of $10.48 billion, a PE ratio of 47.29, a price-to-earnings-growth ratio of 10.55 and a beta of 1.74.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business posted $0.66 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts predict that Floor & Decor will post 1.81 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the sale, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the transaction, the executive vice president now directly owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock valued at $5,182,791 over the last three months. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FND. Riverview Trust Co acquired a new stake in shares of Floor & Decor in the 1st quarter worth $26,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor in the 1st quarter worth $39,000. Global Retirement Partners LLC increased its stake in shares of Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after acquiring an additional 167 shares during the last quarter. J.Safra Asset Management Corp increased its stake in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after acquiring an additional 372 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new stake in shares of Floor & Decor in the 4th quarter worth $53,000.

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.