Floor & Decor (NYSE:FND) Price Target Cut to $100.00 by Analysts at Evercore ISI

Floor & Decor (NYSE:FND) had its target price decreased by Evercore ISI from $120.00 to $100.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other equities analysts have also recently issued reports on FND. Telsey Advisory Group restated a market perform rating and set a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th. UBS Group dropped their price target 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. TD Cowen dropped their price target on Floor & Decor from $125.00 to $115.00 and set a hold rating on the stock in a research report on Friday, May 3rd. Bank of America raised their price target on Floor & Decor from $125.00 to $140.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Finally, Mizuho dropped their price target on 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 equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $108.62.

Floor & Decor Price Performance

Shares of FND opened at $96.09 on Tuesday. 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 1 year low of $76.30 and a 1 year high of $135.67. The stock has a market cap of $10.28 billion, a P/E ratio of 46.42, a price-to-earnings-growth ratio of 10.24 and a beta of 1.74. The stock’s 50-day moving average price is $114.29 and its two-hundred day moving average price is $113.99.

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

Insiders Place Their Bets

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the business’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 transaction of $124,341.10. Following the completion of the transaction, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor 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 transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. Insiders have sold 41,778 shares of company stock valued at $5,182,791 in the last 90 days. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System bought a new position in shares of Floor & Decor during the 4th quarter worth approximately $4,161,000. Wellington Management Group LLP boosted its stake in Floor & Decor by 40.6% in the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after purchasing an additional 265,622 shares during the period. Pacer Advisors Inc. bought a new stake in Floor & Decor in the 4th quarter valued at $1,767,000. Yousif Capital Management LLC bought a new stake in Floor & Decor in the 4th quarter valued at $5,614,000. Finally, Dimensional Fund Advisors LP boosted its stake in Floor & Decor by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after purchasing an additional 79,210 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.