Gordon Haskett lowered shares of Floor & Decor (NYSE:FND) from a buy rating to a hold rating in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has $32.06 target price on the stock.
FND has been the subject of a number of other reports. Bank of America downgraded Floor & Decor from a buy rating to an underperform rating and set a $29.00 price target for the company. in a research note on Friday, February 1st. Zacks Investment Research raised Floor & Decor from a sell rating to a hold rating in a report on Monday, November 26th. Citigroup lowered their price objective on Floor & Decor from $44.00 to $40.00 and set a buy rating on the stock in a report on Monday, December 3rd. Morgan Stanley initiated coverage on Floor & Decor in a report on Monday, November 12th. They issued an equal weight rating and a $33.00 target price on the stock. Finally, Wells Fargo & Co set a $37.00 price objective on Floor & Decor and gave the company a buy rating in a research report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $41.06.
Shares of Floor & Decor stock opened at $32.23 on Monday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 46.71, a price-to-earnings-growth ratio of 1.14 and a beta of 1.64. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.50 and a quick ratio of 0.26. Floor & Decor has a 1 year low of $23.30 and a 1 year high of $58.28.
In other Floor & Decor news, Director George Vincent West sold 20,000 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $33.01, for a total value of $660,200.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $660,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 185,000 shares of company stock valued at $5,867,000. 8.20% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. bought a new stake in Floor & Decor during the fourth quarter worth about $26,000. Cornerstone Advisors Inc. raised its holdings in Floor & Decor by 42.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,398 shares of the company’s stock worth $36,000 after acquiring an additional 415 shares in the last quarter. We Are One Seven LLC bought a new stake in Floor & Decor during the fourth quarter worth about $51,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Floor & Decor by 62.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,142 shares of the company’s stock worth $107,000 after acquiring an additional 1,589 shares in the last quarter. Finally, TLP Group LLC bought a new stake in Floor & Decor during the third quarter worth about $138,000.
About Floor & Decor
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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