Floor & Decor (NYSE:FND) Price Target Cut to $125.00

Floor & Decor (NYSE:FND) had its target price reduced by UBS Group from $135.00 to $125.00 in a research report report published on Friday, Benzinga reports. They currently have a neutral rating on the stock.

FND has been the topic of a number of other research reports. Mizuho cut their target price on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a research note on Friday. TD Cowen reduced their price target on Floor & Decor from $125.00 to $115.00 and set a hold rating on the stock in a research report on Friday. Barclays increased their price objective on shares of Floor & Decor from $66.00 to $75.00 and gave the company an underweight rating in a research report on Thursday, January 4th. Wells Fargo & Company lowered shares of Floor & Decor from an overweight rating to an equal weight rating and raised their price target for the company from $85.00 to $105.00 in a report on Thursday, January 4th. Finally, Evercore ISI lowered their target price on Floor & Decor from $120.00 to $115.00 and set an in-line rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of Hold and a consensus target price of $108.76.

Floor & Decor Stock Up 3.5 %

Shares of NYSE:FND opened at $116.97 on Friday. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The stock’s 50-day moving average price is $118.92 and its two-hundred day moving average price is $106.64. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 56.51, a PEG ratio of 5.51 and a beta of 1.86.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. Floor & Decor’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. On average, research analysts forecast that Floor & Decor will post 1.9 EPS for the current year.

Insiders Place Their Bets

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was 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 directly owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Floor & Decor news, CEO Thomas V. Taylor sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the sale, the chief executive officer now owns 174,315 shares in the company, valued at approximately $21,459,919.65. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction on 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 transaction, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently made changes to their positions in FND. Quantbot Technologies LP lifted its stake in shares of Floor & Decor by 1.7% in the 1st quarter. Quantbot Technologies LP now owns 12,248 shares of the company’s stock valued at $1,588,000 after purchasing an additional 204 shares during the last quarter. Duality Advisers LP acquired a new stake in shares of Floor & Decor during the 1st quarter valued at about $4,238,000. Texas Permanent School Fund Corp lifted its holdings in shares of Floor & Decor by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 93,269 shares of the company’s stock valued at $12,090,000 after acquiring an additional 1,220 shares during the period. RiverPark Advisors LLC boosted its position in Floor & Decor by 361.1% in the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after buying an additional 473 shares in the last quarter. Finally, FORA Capital LLC boosted its stake in Floor & Decor by 1.9% in the first quarter. FORA Capital LLC now owns 21,356 shares of the company’s stock worth $2,768,000 after purchasing an additional 406 shares in the last quarter.

Floor & Decor Company Profile

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.