Floor & Decor (NYSE:FND) Price Target Cut to $95.00

Floor & Decor (NYSE:FND) had its target price dropped by stock analysts at Wells Fargo & Company from $125.00 to $95.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 1.62% from the stock’s current price.

Several other analysts have also commented on the stock. Evercore ISI decreased their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Citigroup decreased their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Mizuho decreased their price target 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. TD Cowen decreased their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Finally, Robert W. Baird reissued an “outperform” rating and set a $127.00 price target on shares of Floor & Decor in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $106.33.

Floor & Decor Stock Up 2.6 %

Shares of Floor & Decor stock opened at $93.49 on Friday. 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 firm’s 50-day moving average is $106.81 and its two-hundred day moving average is $111.88. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 45.16, a PEG ratio of 9.66 and a beta of 1.73.

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 the consensus estimate of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business earned $0.66 EPS. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, research analysts expect that Floor & Decor will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter Starrett sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Thomas V. Taylor sold 34,199 shares of the firm’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 transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the sale, the director now directly owns 128,189 shares in the company, valued at approximately $15,157,067.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,778 shares of company stock worth $5,182,791. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $4,161,000. Wellington Management Group LLP grew its stake in shares of Floor & Decor by 40.6% during the 4th 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 during the period. Pacer Advisors Inc. acquired a new stake in Floor & Decor in the 4th quarter valued at $1,767,000. Duality Advisers LP acquired a new stake in Floor & Decor in the 1st quarter valued at $4,238,000. Finally, Yousif Capital Management LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $5,614,000.

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.