Piper Jaffray Companies reaffirmed their hold rating on shares of Floor & Decor (NYSE:FND) in a research report released on Tuesday. Piper Jaffray Companies currently has a $50.00 price target on the stock.
A number of other equities analysts also recently commented on FND. Zacks Investment Research downgraded shares of Floor & Decor from a buy rating to a hold rating in a report on Monday, September 11th. BMO Capital Markets started coverage on shares of Floor & Decor in a report on Thursday, September 14th. They set a market perform rating and a $41.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Floor & Decor in a report on Monday, October 16th. They set an overweight rating and a $46.00 price objective for the company. Wells Fargo & Co reaffirmed a hold rating and set a $42.00 price objective on shares of Floor & Decor in a report on Thursday, November 2nd. Finally, Telsey Advisory Group raised shares of Floor & Decor from a market perform rating to an outperform rating and raised their price objective for the stock from $39.00 to $47.00 in a report on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Floor & Decor currently has an average rating of Buy and a consensus price target of $45.13.
Floor & Decor (NYSE:FND) traded up $1.17 during trading hours on Tuesday, hitting $48.14. 667,355 shares of the stock were exchanged, compared to its average volume of 987,600. The company has a market cap of $4,580.00 and a P/E ratio of 65.95. Floor & Decor has a one year low of $29.37 and a one year high of $49.86. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.47.
Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $343.90 million during the quarter, compared to the consensus estimate of $338.62 million. Floor & Decor had a net margin of 5.62% and a return on equity of 26.39%. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. equities research analysts predict that Floor & Decor will post 0.66 earnings per share for the current fiscal year.
In related news, Director George Vincent West sold 50,000 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.90, for a total transaction of $1,895,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas V. Taylor sold 155,392 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $45.71, for a total transaction of $7,102,968.32. Following the sale, the chief executive officer now owns 24,726 shares of the company’s stock, valued at approximately $1,130,225.46. The disclosure for this sale can be found here. Insiders have sold a total of 5,647,246 shares of company stock valued at $201,948,218 in the last quarter.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in Floor & Decor by 108.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,477 shares of the company’s stock valued at $369,000 after acquiring an additional 4,927 shares in the last quarter. Bamco Inc. NY increased its position in Floor & Decor by 515.5% in the 3rd quarter. Bamco Inc. NY now owns 704,022 shares of the company’s stock valued at $27,408,000 after acquiring an additional 589,635 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Floor & Decor in the 3rd quarter valued at about $7,668,000. Engineers Gate Manager LP acquired a new stake in Floor & Decor in the 3rd quarter valued at about $1,564,000. Finally, California State Teachers Retirement System increased its position in Floor & Decor by 93.7% in the 3rd quarter. California State Teachers Retirement System now owns 35,262 shares of the company’s stock valued at $1,373,000 after acquiring an additional 17,062 shares in the last quarter. Hedge funds and other institutional investors own 93.49% of the company’s stock.
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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