Floor & Decor’s (FND) Market Perform Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Floor & Decor (NYSE:FND) in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a $110.00 target price on the stock.

A number of other equities research analysts also recently weighed in on the company. Mizuho began coverage on Floor & Decor in a research report on Tuesday, March 19th. They set a neutral rating and a $115.00 price target on the stock. Truist Financial raised their price target on Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a research report on Tuesday, February 20th. TD Cowen began coverage on Floor & Decor in a research report on Wednesday, April 10th. They set a hold rating and a $125.00 price target on the stock. Bank of America raised their price target on Floor & Decor from $125.00 to $140.00 and gave the company a buy rating in a research report on Thursday, March 14th. Finally, Sanford C. Bernstein downgraded Floor & Decor from an outperform rating to a market perform rating and raised their price target for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $110.19.

Floor & Decor Trading Up 0.3 %

Shares of FND stock opened at $111.31 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market capitalization of $11.88 billion, a PE ratio of 49.04, a price-to-earnings-growth ratio of 5.34 and a beta of 1.85. The business’s fifty day moving average is $118.98 and its 200 day moving average is $105.46.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data 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. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that Floor & Decor will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the sale, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction that occurred on 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 owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 over the last three months. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the business. New York State Teachers Retirement System purchased a new position in Floor & Decor in the 4th quarter worth approximately $4,161,000. Pacer Advisors Inc. purchased a new position in Floor & Decor in the 4th quarter worth approximately $1,767,000. Kestra Advisory Services LLC raised its holdings in Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock worth $479,000 after acquiring an additional 349 shares during the last quarter. Yousif Capital Management LLC purchased a new position in Floor & Decor in the 4th quarter worth approximately $5,614,000. Finally, State of Alaska Department of Revenue purchased a new position in Floor & Decor in the 4th quarter worth approximately $1,284,000.

About Floor & Decor

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.