Floor & Decor (NYSE:FND) Upgraded at The Goldman Sachs Group

Floor & Decor (NYSE:FND) was upgraded by equities research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a $71.00 price objective on the stock, down from their previous price objective of $80.00. The Goldman Sachs Group’s price target suggests a potential upside of 12.50% from the stock’s previous close.

Several other research firms have also recently issued reports on FND. Guggenheim reduced their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price target on shares of Floor & Decor in a research note on Friday, October 31st. Citigroup dropped their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Evercore ISI lowered their price target on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday. Finally, TD Cowen dropped their price target on Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $83.95.

Floor & Decor Stock Performance

FND traded down $0.04 during mid-day trading on Thursday, reaching $63.11. 63,171 shares of the company traded hands, compared to its average volume of 2,155,505. Floor & Decor has a 52-week low of $58.01 and a 52-week high of $122.90. The stock has a market capitalization of $6.80 billion, a P/E ratio of 31.71, a P/E/G ratio of 2.65 and a beta of 1.70. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average price is $73.97 and its 200-day moving average price is $76.65.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’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. On average, sell-side analysts expect that Floor & Decor will post 2 EPS for the current year.

Insider Activity at Floor & Decor

In related news, President Bradley Paulsen acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the purchase, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. This trade represents a 20.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Floor & Decor by 4.1% in the first quarter. Arizona State Retirement System now owns 30,758 shares of the company’s stock valued at $2,475,000 after purchasing an additional 1,212 shares during the last quarter. CWM LLC lifted its stake in shares of Floor & Decor by 67.6% in the 1st quarter. CWM LLC now owns 2,105 shares of the company’s stock valued at $169,000 after purchasing an additional 849 shares during the period. Signaturefd LLC grew its position in Floor & Decor by 18.5% during the first quarter. Signaturefd LLC now owns 1,751 shares of the company’s stock valued at $141,000 after buying an additional 273 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Floor & Decor by 22.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 595,836 shares of the company’s stock valued at $47,947,000 after buying an additional 107,574 shares in the last quarter. Finally, Saturna Capital Corp raised its position in shares of Floor & Decor by 14.9% in the first quarter. Saturna Capital Corp now owns 6,960 shares of the company’s stock worth $560,000 after acquiring an additional 900 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.