Floor & Decor’s (FND) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research note published on Friday, Benzinga reports. Wedbush currently has a $125.00 price target on the stock.

FND has been the subject of a number of other research reports. Mizuho lowered their price objective on Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a research report on Friday. The Goldman Sachs Group lifted their price target on Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a research report on Monday, February 26th. Piper Sandler lifted their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a neutral rating in a report on Tuesday, April 9th. Truist Financial increased their price target on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a buy rating in a report on Tuesday, February 20th. Finally, UBS Group cut shares of Floor & Decor from a buy rating to a neutral rating and set a $135.00 price objective for the company. in a research note on Tuesday, March 5th. Two 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. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $108.76.

Floor & Decor Stock Up 0.2 %

Shares of NYSE FND opened at $113.04 on Friday. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The stock’s fifty day simple moving average is $118.90 and its two-hundred day simple moving average is $106.41. The stock has a market capitalization of $12.07 billion, a PE ratio of 54.61, a price-to-earnings-growth ratio of 5.51 and a beta of 1.86. 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 (NYSE:FND) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share 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 the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. As a group, analysts expect that Floor & Decor will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the sale, the chief accounting officer now owns 25,271 shares in the company, valued at $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock valued at $11,016,089 over the last quarter. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FND. Riverview Trust Co purchased a new stake in shares of Floor & Decor during the 1st quarter worth $26,000. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor in the third quarter valued at $30,000. Mendota Financial Group LLC purchased a new stake in Floor & Decor during the 4th quarter worth about $33,000. Rise Advisors LLC acquired a new position in shares of Floor & Decor during the 1st quarter worth about $39,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after acquiring an additional 167 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.