Floor & Decor (NYSE:FND) had its price target increased by Jefferies Financial Group from $52.00 to $59.00 in a research report sent to investors on Monday, January 6th, BenzingaRatingsTable reports. Jefferies Financial Group currently has a buy rating on the stock. The analysts noted that the move was a valuation call.
Other equities analysts have also recently issued research reports about the company. UBS Group raised their target price on Floor & Decor from $51.00 to $53.00 and gave the stock a buy rating in a report on Monday, November 4th. Zacks Investment Research cut Floor & Decor from a hold rating to a sell rating in a report on Monday, November 4th. TheStreet cut Floor & Decor from a b- rating to a c+ rating in a report on Tuesday, September 10th. Wedbush reiterated an outperform rating and set a $53.00 price objective (up previously from $45.00) on shares of Floor & Decor in a report on Monday, November 4th. Finally, Loop Capital lifted their price objective on Floor & Decor from $43.00 to $46.00 and gave the company a hold rating in a report on Monday, October 14th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus price target of $48.61.
Shares of FND stock opened at $48.15 on Monday. The stock has a 50-day moving average price of $49.25 and a 200 day moving average price of $46.19. The company has a quick ratio of 0.32, a current ratio of 1.31 and a debt-to-equity ratio of 1.27. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 49.64, a PEG ratio of 1.50 and a beta of 1.88. Floor & Decor has a 12 month low of $29.00 and a 12 month high of $53.00.
Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Friday, November 1st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. The firm had revenue of $521.10 million during the quarter, compared to analyst estimates of $524.00 million. Floor & Decor had a return on equity of 17.58% and a net margin of 6.81%. The company’s revenue was up 19.5% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. Sell-side analysts predict that Floor & Decor will post 1.1 earnings per share for the current fiscal year.
In other Floor & Decor news, EVP David Victor Christopherson sold 13,252 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $49.75, for a total transaction of $659,287.00. Following the transaction, the executive vice president now owns 38,907 shares of the company’s stock, valued at approximately $1,935,623.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter Starrett sold 33,000 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $50.65, for a total value of $1,671,450.00. Following the transaction, the director now directly owns 38,128 shares in the company, valued at $1,931,183.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,244,980 shares of company stock worth $317,685,243 in the last ninety days. Insiders own 7.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in Floor & Decor by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 66,100 shares of the company’s stock valued at $3,381,000 after purchasing an additional 433 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Floor & Decor by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 80,304 shares of the company’s stock valued at $4,108,000 after purchasing an additional 462 shares during the period. Metropolitan Life Insurance Co NY boosted its stake in Floor & Decor by 15.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 4,971 shares of the company’s stock valued at $254,000 after purchasing an additional 675 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Floor & Decor by 19.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,452 shares of the company’s stock valued at $228,000 after acquiring an additional 727 shares during the period. Finally, Brinker Capital Inc. lifted its position in shares of Floor & Decor by 3.3% during the 3rd quarter. Brinker Capital Inc. now owns 25,175 shares of the company’s stock valued at $1,288,000 after acquiring an additional 796 shares during the period.
About Floor & Decor
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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