Floor & Decor Holdings, Inc. (NYSE:FND – Get Free Report)’s share price gapped down prior to trading on Monday after Stifel Nicolaus lowered their price target on the stock from $115.00 to $110.00. The stock had previously closed at $117.11, but opened at $114.15. Stifel Nicolaus currently has a hold rating on the stock. Floor & Decor shares last traded at $115.67, with a volume of 136,432 shares.
A number of other research analysts have also recently commented on the company. Truist Financial upped their target price on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Wells Fargo & Company downgraded Floor & Decor from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $85.00 to $105.00 in a research report on Thursday, January 4th. Evercore ISI upped their price target on shares of Floor & Decor from $110.00 to $112.00 and gave the stock an “in-line” rating in a report on Friday. Telsey Advisory Group raised their price target on shares of Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, BNP Paribas cut shares of Floor & Decor from an “outperform” rating to an “underperform” rating in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $101.56.
Insider Transactions at Floor & Decor
In other Floor & Decor news, EVP David Victor Christopherson sold 19,634 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $114.50, for a total value of $2,248,093.00. Following the completion of the transaction, the executive vice president now directly owns 36,552 shares in the company, valued at $4,185,204. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.50% of the company’s stock.
Hedge Funds Weigh In On Floor & Decor
Several institutional investors and hedge funds have recently bought and sold shares of FND. Quarry LP purchased a new stake in shares of Floor & Decor during the fourth quarter valued at $33,000. Mendota Financial Group LLC purchased a new stake in shares of Floor & Decor in the 4th quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Floor & Decor in the third quarter worth $30,000. GAMMA Investing LLC purchased a new position in shares of Floor & Decor during the fourth quarter worth $53,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Floor & Decor during the third quarter worth $45,000.
Floor & Decor Stock Down 0.3 %
The business’s 50-day moving average is $108.24 and its 200-day moving average is $97.57. The company has a market capitalization of $12.45 billion, a price-to-earnings ratio of 50.96, a P/E/G ratio of 5.83 and a beta of 1.83. 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 – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. Floor & Decor’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. As a group, equities analysts predict that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current year.
About Floor & Decor
Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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.