Floor & Decor Holdings, Inc. (NYSE:FND – Get Free Report)’s share price gapped down prior to trading on Thursday after Citigroup downgraded the stock from a buy rating to a neutral rating. The stock had previously closed at $87.48, but opened at $85.60. Citigroup now has a $90.00 price target on the stock, down from their previous price target of $122.00. Floor & Decor shares last traded at $84.98, with a volume of 131,633 shares changing hands.
Other equities analysts also recently issued research reports about the company. Truist Financial initiated coverage on Floor & Decor in a research note on Friday, June 23rd. They issued a “buy” rating and a $120.00 target price on the stock. Jefferies Financial Group cut their target price on shares of Floor & Decor from $100.00 to $93.00 and set a “hold” rating for the company in a research report on Wednesday. Loop Capital lifted their price target on Floor & Decor from $82.00 to $100.00 and gave the company a “hold” rating in a research report on Monday, August 7th. Wedbush decreased their target price on shares of Floor & Decor from $115.00 to $110.00 in a report on Friday, August 4th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.41.
Insider Activity at Floor & Decor
In other Floor & Decor news, EVP David Victor Christopherson sold 5,804 shares of Floor & Decor stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $110.00, for a total value of $638,440.00. Following the transaction, the executive vice president now directly owns 36,552 shares of the company’s stock, valued at approximately $4,020,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Thomas V. Taylor sold 18,656 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $115.00, for a total value of $2,145,440.00. Following the sale, the chief executive officer now directly owns 177,891 shares of the company’s stock, valued at $20,457,465. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Victor Christopherson sold 5,804 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $110.00, for a total transaction of $638,440.00. Following the transaction, the executive vice president now directly owns 36,552 shares in the company, valued at $4,020,720. The disclosure for this sale can be found here. Insiders sold 49,497 shares of company stock worth $5,403,768 in the last ninety days. 2.50% of the stock is owned by company insiders.
Institutional Investors Weigh In On Floor & Decor
Hedge funds and other institutional investors have recently bought and sold shares of the business. Stephens Inc. AR grew its holdings in shares of Floor & Decor by 20.2% during the second quarter. Stephens Inc. AR now owns 655 shares of the company’s stock valued at $68,000 after buying an additional 110 shares during the last quarter. Brighton Jones LLC lifted its position in Floor & Decor by 1.0% in the 2nd quarter. Brighton Jones LLC now owns 11,300 shares of the company’s stock valued at $1,175,000 after acquiring an additional 111 shares in the last quarter. Salvus Wealth Management LLC boosted its stake in Floor & Decor by 0.3% during the 2nd quarter. Salvus Wealth Management LLC now owns 42,259 shares of the company’s stock valued at $4,393,000 after purchasing an additional 115 shares during the last quarter. Lido Advisors LLC increased its holdings in shares of Floor & Decor by 4.8% in the 2nd quarter. Lido Advisors LLC now owns 2,580 shares of the company’s stock worth $268,000 after purchasing an additional 118 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Floor & Decor by 4.4% in the second quarter. Thrivent Financial for Lutherans now owns 2,946 shares of the company’s stock worth $299,000 after purchasing an additional 124 shares during the last quarter.
Floor & Decor Stock Performance
The company has a quick ratio of 0.15, a current ratio of 1.20 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $9.00 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.09 and a beta of 1.96. The business has a fifty day moving average price of $98.52 and a 200-day moving average price of $98.12.
Floor & Decor (NYSE:FND – Get Free Report) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Floor & Decor had a net margin of 6.55% and a return on equity of 16.94%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the company earned $0.76 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 2.42 EPS 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.