Floor & Decor (NYSE:FND) Given New $80.00 Price Target at TD Cowen

Floor & Decor (NYSE:FND) had its price target hoisted by investment analysts at TD Cowen from $77.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target would indicate a potential upside of 9.25% from the company’s previous close.

Other equities analysts also recently issued reports about the company. Barclays lowered their price objective on Floor & Decor from $78.00 to $70.00 and set a “positive” rating for the company in a research report on Thursday, January 8th. The Goldman Sachs Group raised shares of Floor & Decor from a “sell” rating to a “neutral” rating and decreased their price objective for the stock from $80.00 to $71.00 in a research report on Thursday, November 13th. Evercore ISI dropped their target price on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th. UBS Group decreased their price target on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a report on Friday, October 31st. Finally, Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $82.55.

Floor & Decor Trading Down 3.7%

NYSE:FND traded down $2.85 on Tuesday, reaching $73.23. 1,248,752 shares of the company’s stock were exchanged, compared to its average volume of 2,939,488. The business has a fifty day moving average of $64.14 and a 200-day moving average of $72.92. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. Floor & Decor has a 52-week low of $55.11 and a 52-week high of $108.76. The firm has a market capitalization of $7.89 billion, a price-to-earnings ratio of 36.59, a price-to-earnings-growth ratio of 2.97 and a beta of 1.73.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, analysts expect that Floor & Decor will post 2 earnings per share for the current year.

Insiders Place Their Bets

In related news, President Bradley Paulsen acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average cost of $60.27 per share, with a total value of $301,350.00. Following the transaction, the president owned 30,000 shares of the company’s stock, valued at $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently modified their holdings of FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Floor & Decor by 9.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after buying an additional 30,195 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Floor & Decor by 6.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,379 shares of the company’s stock worth $277,000 after acquiring an additional 209 shares during the period. UMB Bank n.a. raised its holdings in Floor & Decor by 31.5% during the second quarter. UMB Bank n.a. now owns 1,362 shares of the company’s stock worth $103,000 after purchasing an additional 326 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in Floor & Decor in the second quarter valued at about $356,000. Finally, GAMMA Investing LLC boosted its holdings in Floor & Decor by 85.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,396 shares of the company’s stock valued at $182,000 after purchasing an additional 1,101 shares in the last quarter.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.