Floor & Decor (NYSE:FND)‘s stock had its “hold” rating restated by analysts at Piper Jaffray Companies in a research note issued to investors on Tuesday, January 9th. They presently have a $50.00 price target on the stock. Piper Jaffray Companies’ target price points to a potential upside of 6.61% from the stock’s previous close.
A number of other equities analysts have also issued reports on the company. BMO Capital Markets started coverage on Floor & Decor in a research note on Thursday, September 14th. They set a “market perform” rating and a $41.00 price target for the company. Zacks Investment Research raised Floor & Decor from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, September 12th. Stifel Nicolaus started coverage on Floor & Decor in a research note on Wednesday, December 13th. They set a “buy” rating and a $51.00 price target for the company. Wells Fargo & Co reaffirmed a “hold” rating and set a $42.00 price target on shares of Floor & Decor in a research note on Thursday, November 2nd. Finally, Jefferies Group increased their price target on Floor & Decor from $38.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $45.13.
Shares of Floor & Decor (NYSE FND) opened at $46.90 on Tuesday. Floor & Decor has a 1 year low of $29.37 and a 1 year high of $51.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 0.18. The company has a market capitalization of $4,460.00 and a P/E ratio of 64.25.
Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, November 2nd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. The firm had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $338.62 million. During the same period last year, the firm earned $0.12 EPS. The firm’s revenue was up 26.8% compared to the same quarter last year. equities analysts anticipate that Floor & Decor will post 0.67 earnings per share for the current year.
In other news, SVP David Victor Christopherson sold 32,181 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $41.20, for a total value of $1,325,857.20. Following the completion of the sale, the senior vice president now owns 41,117 shares of the company’s stock, valued at $1,694,020.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian K. Robbins sold 9,600 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $41.20, for a total value of $395,520.00. Following the completion of the sale, the executive vice president now directly owns 13,160 shares of the company’s stock, valued at approximately $542,192. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,722,068 shares of company stock valued at $206,232,325.
Large investors have recently made changes to their positions in the stock. FNY Partners Fund LP bought a new position in Floor & Decor during the third quarter valued at about $116,000. Toronto Dominion Bank bought a new position in Floor & Decor during the second quarter valued at about $157,000. Public Employees Retirement System of Ohio bought a new position in Floor & Decor during the second quarter valued at about $179,000. Principal Financial Group Inc. bought a new position in Floor & Decor during the third quarter valued at about $208,000. Finally, Balyasny Asset Management LLC bought a new position in Floor & Decor during the second quarter valued at about $212,000. Institutional investors and hedge funds own 91.12% of the company’s stock.
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About Floor & Decor
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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