Floor & Decor’s (FND) “Buy” Rating Reaffirmed at Guggenheim

Floor & Decor (NYSE:FND – Get Rating)‘s stock had its “buy” rating reiterated by stock analysts at Guggenheim in a research report issued on Wednesday, Benzinga reports. They currently have a $100.00 price target on the stock. Guggenheim’s price objective would suggest a potential upside of 10.40% from the stock’s previous close.

Several other research analysts have also commented on the stock. Gordon Haskett lowered shares of Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 price target for the company. in a report on Friday, February 10th. Morgan Stanley boosted their target price on shares of Floor & Decor from $80.00 to $90.00 and gave the company an “equal weight” rating in a research note on Friday, February 24th. Telsey Advisory Group reduced their target price on shares of Floor & Decor from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, February 24th. Barclays started coverage on shares of Floor & Decor in a research note on Tuesday, February 7th. They set an “underweight” rating and a $88.00 target price for the company. Finally, Loop Capital boosted their target price on shares of Floor & Decor from $65.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, February 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $94.61.

Floor & Decor Stock Performance

Floor & Decor stock opened at $90.58 on Wednesday. The firm’s fifty day moving average price is $89.68 and its 200 day moving average price is $79.58. The company has a market capitalization of $9.62 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.82. Floor & Decor has a 12-month low of $59.91 and a 12-month high of $104.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 0.16.

Floor & Decor (NYSE:FND – Get Rating) last released its earnings results on Thursday, February 23rd. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. Floor & Decor had a net margin of 6.99% and a return on equity of 19.35%. The company’s revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, research analysts forecast that Floor & Decor will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP David Victor Christopherson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total transaction of $368,000.00. Following the sale, the executive vice president now owns 56,527 shares in the company, valued at $5,200,484. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP David Victor Christopherson sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total transaction of $368,000.00. Following the sale, the executive vice president now owns 56,527 shares in the company, valued at $5,200,484. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard L. Sullivan sold 1,734 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $91.94, for a total transaction of $159,423.96. Following the completion of the transaction, the director now owns 9,189 shares in the company, valued at approximately $844,836.66. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FND. Wipfli Financial Advisors LLC bought a new stake in Floor & Decor in the third quarter worth approximately $25,000. PARK CIRCLE Co bought a new stake in Floor & Decor in the 3rd quarter valued at $28,000. FourThought Financial LLC raised its stake in shares of Floor & Decor by 47.9% in the 3rd quarter. FourThought Financial LLC now owns 463 shares of the company’s stock valued at $33,000 after buying an additional 150 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $35,000. Finally, Standard Family Office LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter worth about $48,000.

About Floor & Decor

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Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.