Recent Research Analysts’ Ratings Updates for Floor & Decor (FND)

Floor & Decor (NYSE: FND) has recently received a number of price target changes and ratings updates:

  • 10/7/2019 – Floor & Decor is now covered by analysts at Raymond James. They set a “strong-buy” rating and a $70.00 price target on the stock.
  • 10/2/2019 – Floor & Decor was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 10/2/2019 – Floor & Decor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
  • 9/26/2019 – Floor & Decor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
  • 9/25/2019 – Floor & Decor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $57.00 price target on the stock. According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
  • 9/20/2019 – Floor & Decor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
  • 9/19/2019 – Floor & Decor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
  • 9/12/2019 – Floor & Decor was given a new $55.00 price target on by analysts at Guggenheim. They now have a “buy” rating on the stock.
  • 9/10/2019 – Floor & Decor was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 8/22/2019 – Floor & Decor had its price target raised by analysts at Morgan Stanley from $38.00 to $41.00. They now have an “equal weight” rating on the stock.

FND traded up $0.99 during mid-day trading on Thursday, hitting $48.30. 40,715 shares of the stock were exchanged, compared to its average volume of 1,318,200. The firm’s fifty day moving average is $48.70 and its two-hundred day moving average is $43.45. Floor & Decor Holdings Inc has a 1-year low of $23.30 and a 1-year high of $53.00. The company has a current ratio of 1.33, a quick ratio of 0.28 and a debt-to-equity ratio of 1.32. The company has a market cap of $4.76 billion, a PE ratio of 49.79, a PEG ratio of 1.85 and a beta of 1.94.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Floor & Decor had a return on equity of 18.32% and a net margin of 6.35%. The firm had revenue of $520.31 million for the quarter, compared to analyst estimates of $510.73 million. During the same quarter in the prior year, the company earned $0.27 EPS. Floor & Decor’s revenue was up 19.8% on a year-over-year basis. As a group, research analysts anticipate that Floor & Decor Holdings Inc will post 1.11 earnings per share for the current year.

In other Floor & Decor news, EVP David Victor Christopherson sold 2,675 shares of the stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $52.00, for a total value of $139,100.00. Following the sale, the executive vice president now owns 36,976 shares of the company’s stock, valued at approximately $1,922,752. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Trevor Lang sold 42,335 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $44.02, for a total value of $1,863,586.70. Following the completion of the sale, the chief financial officer now directly owns 181,004 shares in the company, valued at approximately $7,967,796.08. The disclosure for this sale can be found here. Insiders sold a total of 4,276,884 shares of company stock worth $186,455,084 in the last ninety days. 7.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of FND. Point72 Hong Kong Ltd purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $52,000. Atria Investments LLC purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $73,000. Aperio Group LLC purchased a new position in shares of Floor & Decor in the 2nd quarter valued at about $121,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Floor & Decor by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,725 shares of the company’s stock valued at $156,000 after acquiring an additional 346 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its holdings in shares of Floor & Decor by 18.3% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock valued at $181,000 after acquiring an additional 680 shares during the last quarter.

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, vinyl, 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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