Floor & Decor (FND) PT Set at $37.00 by Wells Fargo & Co

Wells Fargo & Co set a $37.00 price objective on Floor & Decor (NYSE:FND) in a report released on Tuesday. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Citigroup decreased their price objective on shares of Floor & Decor from $44.00 to $40.00 and set a buy rating on the stock in a report on Monday, December 3rd. Zacks Investment Research upgraded shares of Floor & Decor from a sell rating to a hold rating in a report on Monday, November 26th. ValuEngine upgraded shares of Floor & Decor from a sell rating to a hold rating in a report on Thursday, November 15th. William Blair reiterated an outperform rating on shares of Floor & Decor in a report on Monday, November 12th. Finally, Morgan Stanley assumed coverage on shares of Floor & Decor in a report on Monday, November 12th. They issued an equal weight rating and a $33.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $42.39.

Shares of FND stock traded up $0.31 during trading on Tuesday, reaching $31.40. The company’s stock had a trading volume of 837,739 shares, compared to its average volume of 1,177,342. The company has a quick ratio of 0.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.02 billion, a PE ratio of 45.51, a P/E/G ratio of 1.09 and a beta of 1.04. Floor & Decor has a one year low of $23.30 and a one year high of $58.28.



Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Floor & Decor had a net margin of 8.80% and a return on equity of 19.82%. The firm had revenue of $435.90 million for the quarter, compared to analyst estimates of $428.88 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. On average, equities analysts predict that Floor & Decor will post 0.95 earnings per share for the current fiscal year.

In other Floor & Decor news, Director George Vincent West sold 140,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $31.12, for a total transaction of $4,356,800.00. Following the completion of the sale, the director now owns 140,000 shares of the company’s stock, valued at approximately $4,356,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. TLP Group LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $138,000. Cerebellum GP LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $177,000. Strs Ohio acquired a new stake in shares of Floor & Decor during the 2nd quarter worth approximately $195,000. SG Americas Securities LLC acquired a new stake in shares of Floor & Decor during the 2nd quarter worth approximately $200,000. Finally, Clinton Group Inc. acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $204,000.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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