Floor & Decor (NYSE:FND) Price Target Cut to $115.00 by Analysts at TD Cowen

Floor & Decor (NYSE:FND) had its target price trimmed by TD Cowen from $125.00 to $115.00 in a research report report published on Friday, Benzinga reports. The firm currently has a hold rating on the stock.

Several other research analysts have also commented on FND. Stifel Nicolaus dropped their price target on Floor & Decor from $115.00 to $110.00 and set a hold rating for the company in a research report on Monday, February 26th. Telsey Advisory Group reiterated a market perform rating and issued a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. Evercore ISI reduced their target price on shares of Floor & Decor from $120.00 to $115.00 and set an in-line rating on the stock in a research note on Friday. Piper Sandler boosted their target price on Floor & Decor from $105.00 to $115.00 and gave the company a neutral rating in a research report on Tuesday, April 9th. Finally, The Goldman Sachs Group raised their price target on Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $108.76.

Floor & Decor Price Performance

NYSE FND traded up $0.28 on Friday, reaching $113.04. The company had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The firm’s 50 day moving average price is $118.90 and its 200 day moving average price is $106.12. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The stock has a market capitalization of $12.07 billion, a PE ratio of 54.61, a price-to-earnings-growth ratio of 5.46 and a beta of 1.86. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.66 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. As a group, equities analysts predict that Floor & Decor will post 1.91 earnings per share for the current year.

Insider Transactions at Floor & Decor

In related news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Bryan Langley sold 5,865 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the sale, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 over the last three months. 2.10% of the stock is currently owned by insiders.

Institutional Trading of Floor & Decor

A number of hedge funds have recently added to or reduced their stakes in FND. New York State Teachers Retirement System purchased a new stake in shares of Floor & Decor during the 4th quarter worth about $4,161,000. Pacer Advisors Inc. purchased a new position in shares of Floor & Decor during the 4th quarter valued at approximately $1,767,000. Kestra Advisory Services LLC grew its stake in Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock valued at $479,000 after acquiring an additional 349 shares during the period. Yousif Capital Management LLC purchased a new stake in Floor & Decor in the 4th quarter worth $5,614,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Floor & Decor during the 4th quarter worth about $1,284,000.

About Floor & Decor

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.