Floor & Decor (NYSE:FND) PT Raised to $130.00

Floor & Decor (NYSE:FND) had its target price hoisted by Evercore ISI from $120.00 to $130.00 in a report published on Tuesday, Benzinga reports. The brokerage currently has an in-line rating on the stock.

Other analysts have also recently issued research reports about the stock. Telsey Advisory Group increased their price objective on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a market perform rating in a report on Friday, February 23rd. UBS Group cut shares of Floor & Decor from a buy rating to a neutral rating and set a $135.00 price objective on the stock. in a report on Tuesday, March 5th. Truist Financial increased their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a research report on Tuesday, February 20th. Guggenheim increased their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the company a buy rating in a research report on Tuesday, February 27th. Finally, Sanford C. Bernstein lowered shares of Floor & Decor from an outperform rating to a market perform rating and increased their target price for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $109.45.

Floor & Decor Stock Down 0.1 %

Shares of NYSE:FND opened at $129.57 on Tuesday. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 57.08, a price-to-earnings-growth ratio of 6.16 and a beta of 1.85. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company’s fifty day moving average is $115.48 and its two-hundred day moving average is $101.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the company earned $0.64 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that Floor & Decor will post 1.92 EPS for the current year.

Insider Activity

In other news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,867 shares of company stock worth $11,016,089. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

A number of hedge funds have recently made changes to their positions in FND. DekaBank Deutsche Girozentrale purchased a new stake in shares of Floor & Decor in the third quarter worth approximately $30,000. Mendota Financial Group LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $33,000. Quarry LP purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $33,000. Y.D. More Investments Ltd purchased a new stake in shares of Floor & Decor in the third quarter worth approximately $45,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $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.