Floor & Decor Holdings, Inc. (NYSE:FND – Get Free Report) shares gapped down before the market opened on Friday after Wells Fargo & Company lowered their price target on the stock from $125.00 to $115.00. The stock had previously closed at $111.05, but opened at $103.70. Floor & Decor shares last traded at $102.67, with a volume of 436,332 shares trading hands.
A number of other equities analysts have also recently commented on FND. Citigroup lowered their target price on Floor & Decor from $133.00 to $122.00 in a report on Friday. Robert W. Baird dropped their price objective on shares of Floor & Decor from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Friday. Truist Financial began coverage on shares of Floor & Decor in a research note on Friday, June 23rd. They set a “buy” rating and a $120.00 target price on the stock. Telsey Advisory Group raised their price target on shares of Floor & Decor from $85.00 to $105.00 in a research report on Friday. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $102.38.
Insider Buying and Selling at Floor & Decor
In other Floor & Decor news, CEO Thomas V. Taylor sold 18,656 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $115.00, for a total transaction of $2,145,440.00. Following the completion of the transaction, the chief executive officer now owns 177,891 shares of the company’s stock, valued at $20,457,465. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas V. Taylor sold 18,656 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $115.00, for a total transaction of $2,145,440.00. Following the sale, the chief executive officer now owns 177,891 shares in the company, valued at $20,457,465. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Victor Christopherson sold 5,804 shares of the stock in a transaction dated 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 owns 36,552 shares in the company, valued at $4,020,720. The disclosure for this sale can be found here. In the last three months, insiders sold 48,920 shares of company stock worth $5,323,160. 2.50% of the stock is owned by corporate insiders.
Institutional Trading of Floor & Decor
Several institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. lifted its position in Floor & Decor by 8,320.1% during the 1st quarter. Baillie Gifford & Co. now owns 2,584,646 shares of the company’s stock worth $253,864,000 after acquiring an additional 2,553,950 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Floor & Decor by 19.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,226,884 shares of the company’s stock worth $851,358,000 after buying an additional 1,948,425 shares during the period. BlackRock Inc. lifted its holdings in Floor & Decor by 21.4% in the 1st quarter. BlackRock Inc. now owns 7,948,493 shares of the company’s stock worth $780,701,000 after buying an additional 1,401,173 shares in the last quarter. FMR LLC boosted its position in Floor & Decor by 38.2% in the 1st quarter. FMR LLC now owns 3,661,808 shares of the company’s stock valued at $359,663,000 after buying an additional 1,012,206 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Floor & Decor by 146.1% during the second quarter. Barclays PLC now owns 148,670 shares of the company’s stock valued at $15,456,000 after acquiring an additional 470,966 shares in the last quarter.
Floor & Decor Stock Performance
The company has a debt-to-equity ratio of 0.17, a current ratio of 1.32 and a quick ratio of 0.15. The stock has a 50-day moving average price of $102.77 and a 200-day moving average price of $96.39. The firm has a market capitalization of $11.17 billion, a PE ratio of 37.05, a price-to-earnings-growth ratio of 2.37 and a beta of 1.90.
Floor & Decor (NYSE:FND – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 6.86% and a return on equity of 18.37%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 2.66 EPS for the current fiscal 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.