Floor & Decor (NYSE:FND) had its price target lifted by stock analysts at BMO Capital Markets to $54.00 in a note issued to investors on Tuesday, January 9th. The brokerage presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would indicate a potential upside of 19.65% from the stock’s previous close.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised Floor & Decor from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Tuesday, September 12th. Stifel Nicolaus began coverage on Floor & Decor in a research note on Wednesday, December 13th. They set a “buy” rating and a $51.00 target price on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $42.00 target price on shares of Floor & Decor in a research note on Thursday, October 12th. Wells Fargo & Co reaffirmed a “hold” rating and set a $42.00 target price on shares of Floor & Decor in a research note on Thursday, November 2nd. Finally, Jefferies Group lifted their price target on Floor & Decor from $38.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $45.13.
Shares of Floor & Decor (NYSE FND) traded down $2.33 during trading on Tuesday, reaching $45.13. The company’s stock had a trading volume of 578,783 shares, compared to its average volume of 685,303. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33. Floor & Decor has a 52-week low of $29.37 and a 52-week high of $51.48.
Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $343.90 million for the quarter, compared to the consensus estimate of $338.62 million. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. research analysts forecast that Floor & Decor will post 0.67 EPS for the current fiscal year.
In related news, major shareholder Corporate Opportunities F. Ares sold 4,853,847 shares of Floor & Decor stock in a transaction on Monday, November 20th. The stock was sold at an average price of $34.92, for a total value of $169,496,337.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian K. Robbins sold 5,800 shares of Floor & Decor stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $45.00, for a total value of $261,000.00. Following the completion of the transaction, the executive vice president now owns 8,441 shares in the company, valued at $379,845. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,590,287 shares of company stock worth $200,785,848.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ares Management LLC acquired a new position in shares of Floor & Decor in the 2nd quarter worth $2,049,069,000. Goldman Sachs Group Inc. acquired a new position in shares of Floor & Decor in the 2nd quarter worth $3,285,000. FS Capital Partners VI LLC acquired a new position in shares of Floor & Decor in the 2nd quarter worth $993,798,000. TimesSquare Capital Management LLC acquired a new position in shares of Floor & Decor in the 2nd quarter worth $5,889,000. Finally, State Street Corp acquired a new position in shares of Floor & Decor in the 2nd quarter worth $3,480,000. 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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