Wedbush Trims Floor & Decor (NYSE:FND) Target Price to $110.00

Floor & Decor (NYSE:FND) had its target price trimmed by Wedbush from $125.00 to $110.00 in a report published on Monday, Benzinga reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for Floor & Decor’s Q2 2024 earnings at $0.47 EPS, Q3 2024 earnings at $0.42 EPS, Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.70 EPS, Q2 2025 earnings at $0.59 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.45 EPS, FY2025 earnings at $2.10 EPS and FY2026 earnings at $2.69 EPS.

Several other brokerages also recently issued reports on FND. Citigroup lowered their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a neutral rating on the stock in a research note on Friday, July 19th. Truist Financial dropped their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a buy rating on the stock in a report on Wednesday, July 10th. Robert W. Baird reiterated an outperform rating and issued a $127.00 target price on shares of Floor & Decor in a research note on Tuesday, July 2nd. Telsey Advisory Group restated a market perform rating and set a $110.00 price target on shares of Floor & Decor in a research note on Monday, April 29th. Finally, Mizuho reduced 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, 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. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $106.81.

Floor & Decor Stock Down 3.0 %

Floor & Decor stock opened at $91.08 on Monday. 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 fifty-two week low of $76.30 and a fifty-two week high of $135.67. The firm has a fifty day moving average price of $107.32 and a two-hundred day moving average price of $112.01. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 44.00, a P/E/G ratio of 9.91 and a beta of 1.73.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations 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 was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, analysts forecast that Floor & Decor will post 1.84 earnings per share for the current year.

Insider Buying and Selling at Floor & Decor

In other news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction 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 sale, the chief executive officer now owns 168,386 shares in the company, valued at $21,048,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter Starrett sold 5,000 shares of the company’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 transaction, the director now owns 128,189 shares in the company, valued at $15,157,067.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,778 shares of company stock worth $5,182,791. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System acquired a new position in Floor & Decor during the fourth quarter valued at approximately $4,161,000. Wellington Management Group LLP increased its position in shares of 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 buying an additional 265,622 shares in the last quarter. Pacer Advisors Inc. bought a new position in Floor & Decor during the fourth quarter worth about $1,767,000. Duality Advisers LP acquired a new position in Floor & Decor in the first quarter valued at about $4,238,000. Finally, Yousif Capital Management LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth about $5,614,000.

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.