Floor & Decor (NYSE:FND) PT Lowered to $115.00 at Truist Financial

Floor & Decor (NYSE:FNDFree Report) had its price target cut by Truist Financial from $130.00 to $115.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Evercore ISI dropped their price objective on Floor & Decor from $120.00 to $100.00 and set an in-line rating for the company in a report on Tuesday, July 2nd. Piper Sandler upped their price objective on Floor & Decor from $105.00 to $115.00 and gave the company a neutral rating in a report on Tuesday, April 9th. TD Cowen decreased their target price on Floor & Decor from $125.00 to $115.00 and set a hold rating for the company in a research note on Friday, May 3rd. Robert W. Baird reissued an outperform rating and issued a $127.00 target price on shares of Floor & Decor in a research note on Tuesday, July 2nd. Finally, Telsey Advisory Group reissued a market perform rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Monday, April 29th. Two 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 company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $108.05.

Get Our Latest Analysis on Floor & Decor

Floor & Decor Trading Up 1.5 %

FND stock opened at $91.25 on Wednesday. The company has a market cap of $9.76 billion, a P/E ratio of 44.08, a PEG ratio of 9.50 and a beta of 1.73. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $112.32 and a 200-day moving average of $113.18.

Floor & Decor (NYSE:FNDGet Free Report) last released 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. As a group, equities research analysts expect that Floor & Decor will post 1.89 EPS for the current year.

Insider Activity at Floor & Decor

In other Floor & Decor news, 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 sale, the director now owns 128,189 shares in the company, valued at $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Floor & Decor news, 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 sale, the director now owns 128,189 shares in the company, valued at $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,778 shares of company stock valued at $5,182,791. Insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Institutional investors and hedge funds have recently bought and sold shares of the business. Riverview Trust Co bought a new position in shares of Floor & Decor during the first quarter worth approximately $26,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor during the fourth quarter worth approximately $33,000. Rise Advisors LLC bought a new position in shares of Floor & Decor during the first quarter worth approximately $39,000. Global Retirement Partners LLC increased its stake in shares of Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after purchasing an additional 167 shares during the period. Finally, GAMMA Investing LLC bought a new position in shares of Floor & Decor during the fourth quarter worth approximately $53,000.

Floor & Decor Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Floor & Decor (NYSE:FND)

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