Floor & Decor (NYSE:FND) Earns Neutral Rating from Analysts at Goldman Sachs Group

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Goldman Sachs Group started coverage on shares of Floor & Decor (NYSE:FND) in a research report report published on Thursday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $45.00 price target on the stock.

Other research analysts have also recently issued reports about the stock. Wedbush reiterated an outperform rating on shares of Alphabet in a report on Thursday, April 25th. Wells Fargo & Co raised their price target on shares of Twitter from $33.00 to $40.00 and gave the stock a market perform rating in a report on Wednesday, April 24th. Gordon Haskett upgraded shares of Darden Restaurants from an underperform rating to a hold rating in a report on Thursday, March 21st. Longbow Research restated a buy rating and set a $110.00 price target on shares of Visteon in a report on Monday, April 15th. Finally, Loop Capital assumed coverage on shares of Regis in a report on Friday, April 5th. They set a buy rating and a $25.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $43.18.

Shares of FND opened at $43.69 on Thursday. Floor & Decor has a one year low of $23.30 and a one year high of $50.91. The stock has a 50-day moving average price of $39.42. The firm has a market capitalization of $4.29 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.67 and a beta of 2.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.23 and a current ratio of 1.32.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The company had revenue of $477.05 million during the quarter, compared to analysts’ expectations of $480.17 million. During the same period last year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, sell-side analysts forecast that Floor & Decor will post 1.1 EPS for the current year.

In other Floor & Decor news, EVP Brian K. Robbins sold 55,101 shares of Floor & Decor stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $40.96, for a total value of $2,256,936.96. Following the completion of the sale, the executive vice president now directly owns 8,387 shares in the company, valued at $343,531.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Vincent West sold 15,077 shares of Floor & Decor stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $42.03, for a total transaction of $633,686.31. Following the completion of the sale, the director now owns 15,077 shares of the company’s stock, valued at $633,686.31. The disclosure for this sale can be found here. Insiders sold 1,266,646 shares of company stock valued at $54,264,663 over the last quarter. Corporate insiders own 7.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. US Bancorp DE lifted its stake in Floor & Decor by 2.9% in the first quarter. US Bancorp DE now owns 9,489 shares of the company’s stock valued at $392,000 after acquiring an additional 269 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its stake in Floor & Decor by 18.3% in the first quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock valued at $181,000 after acquiring an additional 680 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in Floor & Decor in the first quarter valued at approximately $32,000. State of Alaska Department of Revenue lifted its stake in Floor & Decor by 14.1% in the first quarter. State of Alaska Department of Revenue now owns 6,800 shares of the company’s stock valued at $280,000 after acquiring an additional 840 shares during the last quarter. Finally, Captrust Financial Advisors raised its position in shares of Floor & Decor by 99.4% in the fourth quarter. Captrust Financial Advisors now owns 1,715 shares of the company’s stock valued at $44,000 after purchasing an additional 855 shares during the period.

About Floor & Decor

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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Analyst Recommendations for Floor & Decor (NYSE:FND)

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