Floor & Decor (NYSE:FND) Given New $115.00 Price Target at Guggenheim

Floor & Decor (NYSE:FND) had its target price decreased by Guggenheim from $130.00 to $115.00 in a report released on Friday morning, Benzinga reports. Guggenheim currently has a buy rating on the stock.

FND has been the subject of several other research reports. Wells Fargo & Company dropped their price target on shares of Floor & Decor from $125.00 to $95.00 and set an equal weight rating for the company in a research report on Friday, July 26th. Telsey Advisory Group dropped their target price on shares of Floor & Decor from $100.00 to $95.00 and set a market perform rating for the company in a report on Friday. Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and set an outperform rating for the company in a research report on Monday, July 29th. UBS Group cut their price objective on Floor & Decor from $135.00 to $125.00 and set a neutral rating on the stock in a research report on Friday, May 3rd. Finally, Mizuho reduced their target price on Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $104.15.

Floor & Decor Price Performance

Shares of FND stock traded up $0.52 during trading hours on Friday, hitting $97.56. 771,134 shares of the company’s stock were exchanged, compared to its average volume of 1,518,376. The company has a market capitalization of $10.44 billion, a PE ratio of 46.82, a PEG ratio of 10.13 and a beta of 1.74. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The business’s 50 day simple moving average is $104.16 and its 200-day simple moving average is $111.55.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. On average, equities research analysts anticipate that Floor & Decor will post 1.81 earnings per share for the current year.

Insider Activity

In related news, EVP Steven Alan Denny sold 1,010 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the sale, the executive vice president now owns 12,911 shares in the company, valued at $1,589,473.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Floor & Decor news, Director Peter Starrett sold 1,569 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the sale, the director now directly owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the transaction, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Insiders sold 36,778 shares of company stock valued at $4,591,591 over the last three months. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Polen Capital Management LLC lifted its position in Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. Capital World Investors lifted its position in shares of Floor & Decor by 5.6% during the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after buying an additional 627,256 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Floor & Decor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after acquiring an additional 1,334,650 shares during the period. Finally, WCM Investment Management LLC increased its holdings in Floor & Decor by 1.0% in the 4th quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company’s stock worth $514,979,000 after acquiring an additional 46,964 shares in 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.