Floor & Decor (NYSE:FND) Price Target Lowered to $115.00 at TD Cowen

Floor & Decor (NYSE:FND) had its price objective lowered by TD Cowen from $125.00 to $115.00 in a research note released on Friday morning, Benzinga reports. The firm currently has a hold rating on the stock.

FND has been the topic of a number of other research reports. Guggenheim raised their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a buy rating in a research report on Tuesday, February 27th. Mizuho lowered their price objective on Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a research report on Friday. Telsey Advisory Group reiterated a market perform rating and set a $110.00 target price on shares of Floor & Decor in a research report on Monday, April 29th. Truist Financial lifted their price target on Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a report on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a report 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 data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $108.76.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded up $0.28 during trading on Friday, hitting $113.04. 2,307,069 shares of the company were exchanged, compared to its average volume of 1,240,906. The firm has a 50 day moving average price of $118.90 and a 200 day moving average price of $106.12. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 54.61, a P/E/G ratio of 5.46 and a beta of 1.86. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last posted 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. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the company earned $0.66 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts expect that Floor & Decor will post 1.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was 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 directly owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief accounting officer now 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 90,867 shares of company stock worth $11,016,089 in the last quarter. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently modified their holdings of the stock. Riverview Trust Co bought a new stake in Floor & Decor in the first quarter valued at about $26,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $30,000. Mendota Financial Group LLC acquired a new stake in shares of Floor & Decor during the 4th quarter valued at approximately $33,000. Rise Advisors LLC acquired a new position in shares of Floor & Decor in the 1st quarter valued at about $39,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after purchasing an additional 167 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.