Floor & Decor (NYSE:FND) PT Lowered to $95.00

Floor & Decor (NYSE:FND) had its target price lowered by Piper Sandler from $115.00 to $95.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also weighed in on the stock. Mizuho lowered their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a research note on Friday, May 3rd. Robert W. Baird dropped their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an outperform rating on the stock in a research note on Monday, July 29th. UBS Group reduced their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a research note on Friday, May 3rd. Wells Fargo & Company dropped their target price on Floor & Decor from $125.00 to $95.00 and set an equal weight rating on the stock in a research report on Friday, July 26th. Finally, Evercore ISI reduced their price target on Floor & Decor from $120.00 to $100.00 and set an in-line rating for the company in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Floor & Decor currently has an average rating of Hold and an average price target of $104.15.

Floor & Decor Trading Up 0.5 %

Shares of NYSE:FND traded up $0.52 on Friday, hitting $97.56. 771,134 shares of the company’s stock were exchanged, compared to its average volume of 1,518,376. The business’s 50 day simple moving average is $104.16 and its two-hundred day simple moving average is $111.55. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 46.82, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the business posted $0.66 EPS. Floor & Decor’s quarterly revenue was down .2% on a year-over-year basis. Analysts anticipate that Floor & Decor will post 1.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Steven Alan Denny sold 1,010 shares of the firm’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 owns 12,911 shares in the company, valued at $1,589,473.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was 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 of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,778 shares of company stock valued at $4,591,591. 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 Floor & Decor during the 1st quarter valued at about $26,000. Rise Advisors LLC purchased a new position in Floor & Decor during the first quarter worth approximately $39,000. J.Safra Asset Management Corp boosted its stake in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after buying an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Floor & Decor in the 4th quarter valued at $53,000.

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.