Floor & Decor (NYSE:FND) PT Lowered to $92.00 at JPMorgan Chase & Co.

Floor & Decor (NYSE:FND) had its price objective decreased by JPMorgan Chase & Co. from $99.00 to $92.00 in a research note published on Friday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and set an outperform rating for the company in a research report on Monday, July 29th. Telsey Advisory Group lowered their price target on Floor & Decor from $100.00 to $95.00 and set a market perform rating for the company in a research report on Friday. Guggenheim decreased their target price on Floor & Decor from $130.00 to $115.00 and set a buy rating for the company in a research report on Friday. Citigroup decreased their target price on Floor & Decor from $109.00 to $104.00 and set a neutral rating for the company in a research report on Friday, July 19th. Finally, Mizuho decreased their target price 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, sixteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $103.32.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $97.90 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $10.48 billion, a P/E ratio of 47.29, a P/E/G ratio of 10.13 and a beta of 1.74. The business has a fifty day simple moving average of $104.49 and a two-hundred day simple moving average of $111.50. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, equities analysts forecast that Floor & Decor will post 1.81 earnings per share for the current fiscal year.

Insider Activity at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, 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 accessible through this hyperlink. In related news, Director Peter Starrett sold 1,569 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the sale, the director now owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Thomas V. Taylor sold 34,199 shares of the 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 sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,778 shares of company stock worth $5,182,791. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new position in Floor & Decor during the fourth quarter valued at approximately $1,284,000. State of Michigan Retirement System acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $2,856,000. Compass Ion Advisors LLC acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $205,000. International Assets Investment Management LLC acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $2,203,000. Finally, New York State Teachers Retirement System acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $4,161,000.

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.