Evercore ISI Lowers Floor & Decor (NYSE:FND) Price Target to $100.00

Floor & Decor (NYSE:FND) had its price objective reduced by equities researchers at Evercore ISI from $120.00 to $100.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s target price suggests a potential upside of 2.98% from the company’s previous close.

Several other equities research analysts also recently commented on the company. Mizuho reduced their target price on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a report on Friday, May 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $127.00 target price on shares of Floor & Decor in a report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $125.00 target price on shares of Floor & Decor in a report on Friday, May 3rd. TD Cowen reduced their price objective on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Finally, Bank of America increased their price objective on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Two 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. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average target price of $108.62.

Floor & Decor Trading Up 1.1 %

Shares of FND stock opened at $97.11 on Tuesday. The stock has a 50-day simple moving average of $114.04 and a 200 day simple moving average of $113.87. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock has a market capitalization of $10.39 billion, a P/E ratio of 46.91, a P/E/G ratio of 10.24 and a beta of 1.74. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s quarterly revenue was down 2.2% on a year-over-year basis. On average, sell-side analysts expect that Floor & Decor will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,778 shares of company stock valued at $5,182,791. Insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Institutional investors have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Floor & Decor during the 1st quarter worth approximately $26,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor during the 4th quarter worth approximately $33,000. Rise Advisors LLC bought a new position in shares of Floor & Decor during the 1st quarter worth approximately $39,000. Global Retirement Partners LLC lifted its position in shares of Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after buying an additional 167 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of Floor & Decor during the 4th quarter worth approximately $53,000.

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.