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

Floor & Decor (NYSE:FND) had its price objective cut by Evercore ISI from $120.00 to $100.00 in a report released on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

A number of other brokerages have also weighed in on FND. Robert W. Baird reaffirmed an outperform rating and issued a $127.00 price target on shares of Floor & Decor in a research note on Tuesday. UBS Group decreased their price target on Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a research note on Friday, May 3rd. Telsey Advisory Group reissued a market perform rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Monday, April 29th. Bank of America raised their target price on Floor & Decor from $125.00 to $140.00 and gave the company a buy rating in a research note on Thursday, March 14th. Finally, Mizuho dropped their price target on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $108.62.

Floor & Decor Stock Up 0.9 %

Shares of Floor & Decor stock opened at $96.98 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The business’s fifty day moving average price is $113.82 and its two-hundred day moving average price is $113.75. The company has a market capitalization of $10.38 billion, a P/E ratio of 46.85, a PEG ratio of 9.89 and a beta of 1.73.

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

Insider Transactions at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were 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 directly owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction 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 owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock valued at $5,182,791 over the last three months. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new stake in Floor & Decor in the fourth quarter worth approximately $4,161,000. Wellington Management Group LLP boosted its holdings in Floor & Decor by 40.6% in the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after purchasing an additional 265,622 shares in the last quarter. Pacer Advisors Inc. acquired a new position in Floor & Decor during the fourth quarter worth $1,767,000. Yousif Capital Management LLC bought a new position in Floor & Decor during the fourth quarter valued at about $5,614,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Floor & Decor by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock worth $81,099,000 after buying an additional 79,210 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.