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

Floor & Decor (NYSE:FND) had its price target reduced by equities researchers at Wells Fargo & Company from $125.00 to $95.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price suggests a potential upside of 1.62% from the stock’s current price.

A number of other brokerages also recently issued reports on FND. Robert W. Baird reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 2nd. Wedbush dropped their target price on shares of Floor & Decor from $125.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday. Citigroup dropped their target price 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. Evercore ISI dropped their target price on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Finally, TD Cowen dropped their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $106.33.

Floor & Decor Trading Up 2.6 %

Shares of FND stock opened at $93.49 on Friday. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company has a 50-day simple moving average of $106.81 and a two-hundred day simple moving average of $111.88. The company has a market capitalization 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 quarterly earnings data 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 net margin of 5.11% and a return on equity of 11.80%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. Research analysts anticipate that Floor & Decor will post 1.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Starrett sold 5,000 shares of the 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 completion of the sale, 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. Insiders have sold 41,778 shares of company stock worth $5,182,791 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

Institutional investors have recently made changes to their positions in the stock. Riverview Trust Co bought a new position in shares of Floor & Decor in the 1st quarter worth $26,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor in the 4th quarter worth $33,000. Rise Advisors LLC bought a new position in shares of Floor & Decor in the 1st quarter worth $39,000. 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 worth $44,000 after buying an additional 167 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the last quarter.

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.