Floor & Decor Holdings, Inc. (NYSE:FND) rose 4.5% during mid-day trading on Friday after Jefferies Financial Group raised their price target on the stock from $111.00 to $118.00. Jefferies Financial Group currently has a buy rating on the stock. Floor & Decor traded as high as $107.38 and last traded at $107.38. Approximately 6,842 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 724,725 shares. The stock had previously closed at $102.75.
FND has been the subject of a number of other research reports. Evercore ISI raised Floor & Decor from an “in-line” rating to an “outperform” rating in a research report on Monday, March 29th. Morgan Stanley raised their target price on Floor & Decor from $77.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, January 20th. The Goldman Sachs Group upgraded Floor & Decor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $74.00 to $105.00 in a report on Thursday, December 10th. Wells Fargo & Company raised their price objective on shares of Floor & Decor from $105.00 to $120.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 9th. Finally, Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and increased their price target for the company from $80.00 to $124.00 in a report on Thursday, February 25th. Four equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.59.
In other news, Director George Vincent West sold 100,000 shares of the stock in a transaction on Monday, April 5th. The stock was sold at an average price of $100.00, for a total transaction of $10,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian K. Robbins sold 2,585 shares of the firm’s stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $97.44, for a total value of $251,882.40. Following the completion of the sale, the executive vice president now owns 30,487 shares of the company’s stock, valued at $2,970,653.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 256,816 shares of company stock valued at $25,404,205. Company insiders own 5.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. HM Payson & Co. bought a new stake in shares of Floor & Decor during the third quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC lifted its holdings in Floor & Decor by 45.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 433 shares of the company’s stock worth $40,000 after buying an additional 135 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Floor & Decor in the 4th quarter valued at $49,000. Ellevest Inc. increased its stake in shares of Floor & Decor by 5,670.0% in the 4th quarter. Ellevest Inc. now owns 577 shares of the company’s stock valued at $54,000 after buying an additional 567 shares during the period. Finally, Eudaimonia Partners LLC acquired a new stake in shares of Floor & Decor in the 3rd quarter valued at $83,000. 96.26% of the stock is owned by institutional investors.
The firm has a 50 day moving average price of $96.03 and a 200-day moving average price of $90.04. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 62.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 0.61.
Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.03. The company had revenue of $723.65 million for the quarter, compared to the consensus estimate of $694.71 million. Floor & Decor had a net margin of 7.77% and a return on equity of 16.23%. On average, sell-side analysts expect that Floor & Decor Holdings, Inc. will post 1.46 EPS for the current fiscal year.
Floor & Decor Company Profile (NYSE:FND)
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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