Piper Sandler Trims Floor & Decor (NYSE:FND) Target Price to $95.00

Floor & Decor (NYSE:FND) had its price target decreased by Piper Sandler from $115.00 to $95.00 in a report published on Friday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

Other analysts have also issued reports about the company. Wells Fargo & Company reduced their price objective on Floor & Decor from $125.00 to $95.00 and set an equal weight rating on the stock in a research note on Friday, July 26th. Telsey Advisory Group reduced their price objective on Floor & Decor from $100.00 to $95.00 and set a market perform rating on the stock in a research note on Friday. Robert W. Baird reduced their price objective on Floor & Decor from $127.00 to $115.00 and set an outperform rating on the stock in a research note on Monday, July 29th. Citigroup reduced their price target on Floor & Decor from $109.00 to $104.00 and set a neutral rating on the stock in a report on Friday, July 19th. Finally, Evercore ISI reduced their price target on Floor & Decor from $120.00 to $100.00 and set an in-line rating on the stock in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $104.15.

Floor & Decor Price Performance

Shares of NYSE FND traded up $0.46 during mid-day trading on Friday, reaching $98.35. The company had a trading volume of 1,526,819 shares, compared to its average volume of 1,511,306. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of 47.29, a PEG ratio of 10.13 and a beta of 1.74. The business’s 50-day simple moving average is $104.49 and its 200 day simple moving average is $111.61.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $1.13 billion for 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%. Floor & Decor’s revenue was down .2% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. On average, research analysts predict that Floor & Decor will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the business’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 value of $591,200.00. Following the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the transaction, the executive vice president now directly owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $591,200.00. Following the transaction, the director now directly owns 128,189 shares in the company, valued at $15,157,067.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,778 shares of company stock valued at $5,182,791. 2.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new position in shares of Floor & Decor during the fourth quarter worth approximately $4,161,000. Wellington Management Group LLP grew its holdings in Floor & Decor by 40.6% during the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after buying an additional 265,622 shares in the last quarter. Duality Advisers LP bought a new stake in Floor & Decor during the first quarter worth $4,238,000. Yousif Capital Management LLC bought a new stake in Floor & Decor during the fourth quarter worth $5,614,000. Finally, Dimensional Fund Advisors LP grew its holdings in Floor & Decor by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock worth $81,099,000 after buying an additional 79,210 shares in 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.