News articles about Floor & Decor (NYSE:FND) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Floor & Decor earned a news impact score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 44.8319634223418 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
FND has been the topic of a number of recent research reports. Bank of America reiterated a “buy” rating and set a $42.00 price target on shares of Floor & Decor in a report on Tuesday, September 5th. Zacks Investment Research lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Monday, September 11th. J P Morgan Chase & Co initiated coverage on shares of Floor & Decor in a report on Monday, October 16th. They set an “overweight” rating and a $46.00 price target on the stock. Telsey Advisory Group upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $39.00 to $47.00 in a report on Friday, November 3rd. Finally, Jefferies Group lifted their price target on shares of Floor & Decor from $38.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Floor & Decor currently has a consensus rating of “Buy” and a consensus price target of $42.93.
Floor & Decor (NYSE FND) traded up $0.71 during mid-day trading on Thursday, reaching $43.16. 483,451 shares of the company traded hands, compared to its average volume of 564,333. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Floor & Decor has a 1-year low of $29.37 and a 1-year high of $46.99.
Floor & Decor (NYSE:FND) last released its earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $343.90 million for the quarter, compared to analyst estimates of $338.62 million. Floor & Decor had a net margin of 5.62% and a return on equity of 26.39%. Floor & Decor’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 earnings per share. equities analysts anticipate that Floor & Decor will post 0.66 earnings per share for the current fiscal year.
In other Floor & Decor news, Director George Vincent West sold 90,000 shares of Floor & Decor stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $41.39, for a total value of $3,725,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian K. Robbins sold 9,600 shares of Floor & Decor stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $41.20, for a total transaction of $395,520.00. Following the completion of the sale, the executive vice president now directly owns 13,160 shares of the company’s stock, valued at $542,192. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,277,666 shares of company stock worth $185,289,781.
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About Floor & Decor
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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