Floor & Decor’s (FND) Outperform Rating Reiterated at Robert W. Baird

Robert W. Baird reissued their outperform rating on shares of Floor & Decor (NYSE:FND) in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a $127.00 target price on the stock.

A number of other research analysts have also weighed in on FND. UBS Group decreased their target price on shares of Floor & Decor from $135.00 to $125.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Evercore ISI boosted their price target on shares of Floor & Decor from $120.00 to $125.00 and gave the company an in-line rating in a research report on Tuesday, May 14th. Wedbush reiterated an outperform rating and set a $125.00 target price on shares of Floor & Decor in a research note on Friday, May 3rd. Piper Sandler raised their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the company a neutral rating in a research report on Tuesday, April 9th. Finally, Mizuho reduced their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of Hold and an average target price of $108.62.

Floor & Decor Price Performance

Shares of FND opened at $96.09 on Tuesday. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company has a market capitalization of $10.28 billion, a P/E ratio of 46.42, a P/E/G ratio of 10.24 and a beta of 1.74. The business’s 50-day moving average is $114.29 and its two-hundred day moving average is $113.99.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. Floor & Decor’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.66 EPS. Research analysts predict that Floor & Decor will post 1.89 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the sale, the director now owns 128,189 shares in the company, valued at $15,157,067.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the transaction, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,778 shares of company stock worth $5,182,791. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in FND. Polen Capital Management LLC lifted its holdings in shares of 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 valued at $27,861,000 after acquiring an additional 25,141,795 shares in the last quarter. Capital Research Global Investors increased its stake in Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares during the period. Capital World Investors increased its stake in Floor & Decor by 5.6% during the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after buying an additional 627,256 shares during the period. Wellington Management Group LLP increased its stake in Floor & Decor by 435.1% during the 3rd quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after buying an additional 531,574 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Floor & Decor by 3,355.8% during the 4th quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock worth $49,598,000 after buying an additional 431,718 shares during the period.

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.