Floor & Decor (NYSE:FND) Price Target Cut to $90.00 by Analysts at Stifel Nicolaus

Floor & Decor (NYSE:FND) had its price target lowered by Stifel Nicolaus from $92.00 to $90.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 47.44% from the stock’s current price.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group upgraded shares of Floor & Decor from a “sell” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $71.00 in a research note on Thursday, November 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a research note on Friday, October 31st. Telsey Advisory Group restated an “outperform” rating and set a $92.00 price target on shares of Floor & Decor in a research note on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, UBS Group reduced their price objective on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $83.85.

Floor & Decor Trading Down 1.9%

Shares of NYSE:FND traded down $1.18 on Tuesday, hitting $61.04. 1,105,693 shares of the company’s stock were exchanged, compared to its average volume of 2,178,890. The business’s 50 day simple moving average is $64.79 and its two-hundred day simple moving average is $74.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. Floor & Decor has a 12 month low of $55.11 and a 12 month high of $110.76. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 2.66 and a beta of 1.75.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company posted $0.48 earnings per share. Floor & Decor’s revenue was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Insider Buying and Selling

In other news, President Bradley Paulsen acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Institutional investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd raised its position in Floor & Decor by 79.4% during the third quarter. Swiss Life Asset Management Ltd now owns 4,985 shares of the company’s stock worth $367,000 after acquiring an additional 2,207 shares during the period. CIBC Bancorp USA Inc. purchased a new stake in shares of Floor & Decor during the third quarter worth about $13,810,000. Centaurus Financial Inc. lifted its stake in Floor & Decor by 1.8% in the 3rd quarter. Centaurus Financial Inc. now owns 171,003 shares of the company’s stock valued at $12,603,000 after buying an additional 3,009 shares in the last quarter. Danske Bank A S acquired a new stake in Floor & Decor in the 3rd quarter worth about $81,000. Finally, Caitong International Asset Management Co. Ltd increased its stake in Floor & Decor by 6,823.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 3,600 shares of the company’s stock worth $265,000 after buying an additional 3,548 shares in the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.