Floor & Decor (NYSE:FND) Receives Outperform Rating from Wedbush

Wedbush reissued their outperform rating on shares of Floor & Decor (NYSE:FND) in a report issued on Friday morning, Benzinga reports. Wedbush currently has a $125.00 price objective on the stock.

FND has been the topic of several other reports. Piper Sandler lifted their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a neutral rating in a report on Tuesday, April 9th. Truist Financial increased their target price on Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a research report on Tuesday, February 20th. Evercore ISI reduced their price target on shares of Floor & Decor from $125.00 to $120.00 and set an in-line rating on the stock in a research report on Tuesday, April 16th. Stifel Nicolaus decreased their price target on shares of Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a research note on Monday, February 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a research note on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $108.76.

Floor & Decor Price Performance

Shares of NYSE:FND traded up $0.28 during trading on Friday, hitting $113.04. 2,307,069 shares of the company’s stock were exchanged, compared to its average volume of 1,240,906. The business’s 50-day simple moving average is $118.90 and its 200 day simple moving average is $106.12. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 54.61, a PEG ratio of 5.46 and a beta of 1.86. 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 current ratio of 1.14 and a quick ratio of 0.18.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. Floor & Decor’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. As a group, equities analysts predict that Floor & Decor will post 1.91 EPS for the current year.

Insider Activity

In related news, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the sale, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,867 shares of company stock valued at $11,016,089. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its position in shares of Floor & Decor by 9.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 4,559 shares of the company’s stock worth $413,000 after purchasing an additional 394 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Floor & Decor by 2.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 5,410 shares of the company’s stock worth $490,000 after acquiring an additional 136 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Floor & Decor by 0.5% during the third quarter. Raymond James & Associates now owns 86,168 shares of the company’s stock valued at $7,798,000 after acquiring an additional 435 shares in the last quarter. Vantage Investment Partners LLC boosted its stake in Floor & Decor by 4.6% in the 3rd quarter. Vantage Investment Partners LLC now owns 209,550 shares of the company’s stock worth $18,964,000 after purchasing an additional 9,144 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in Floor & Decor by 6.2% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,988 shares of the company’s stock worth $361,000 after purchasing an additional 234 shares during the last quarter.

Floor & Decor Company Profile

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.