Evercore ISI Lowers Floor & Decor (NYSE:FND) Price Target to $120.00

Floor & Decor (NYSE:FND) had its target price decreased by Evercore ISI from $125.00 to $120.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “in-line” rating on the stock. Evercore ISI’s price target points to a potential upside of 10.70% from the company’s current price.

A number of other equities analysts have also commented on FND. Guggenheim lifted their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Barclays lifted their price target on shares of Floor & Decor from $66.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, January 4th. Bank of America lifted their price objective on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, March 14th. The Goldman Sachs Group lifted their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Mizuho started coverage on shares of Floor & Decor in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $115.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average target price of $110.19.

Floor & Decor Stock Up 0.2 %

Floor & Decor stock opened at $108.40 on Tuesday. The stock has a market cap of $11.57 billion, a P/E ratio of 47.75, a P/E/G ratio of 5.31 and a beta of 1.85. 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 has a twelve month low of $76.30 and a twelve month high of $135.67. The company’s 50-day moving average price is $118.95 and its two-hundred day moving average price is $104.27.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. As a group, analysts expect that Floor & Decor will post 1.92 EPS for the current year.

Insider Activity at Floor & Decor

In other news, President Trevor Lang sold 13,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the sale, the president now owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares in the company, valued at approximately $1,639,233.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Trevor Lang sold 13,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the sale, the president now directly owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock valued at $11,016,089 over the last 90 days. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Polen Capital Management LLC raised its position in Floor & Decor by 59,133.5% during the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after buying an additional 25,141,795 shares during the last quarter. Capital World Investors grew its stake in Floor & Decor by 5.6% in the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after acquiring an additional 627,256 shares during the period. Vanguard Group Inc. boosted its stake in Floor & Decor by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock worth $1,077,530,000 after purchasing an additional 300,506 shares during the last quarter. BlackRock Inc. boosted its stake in Floor & Decor by 21.4% during the 1st quarter. BlackRock Inc. now owns 7,948,493 shares of the company’s stock worth $780,701,000 after purchasing an additional 1,401,173 shares during the last quarter. Finally, Capital Research Global Investors boosted its stake in Floor & Decor by 4.8% during the 4th quarter. Capital Research Global Investors now owns 6,537,191 shares of the company’s stock worth $729,327,000 after purchasing an additional 298,386 shares during the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller 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; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.