Credit Suisse Group set a $37.00 price objective on Floor & Decor (NYSE:FND) in a report issued on Friday morning. The firm currently has a buy rating on the stock.
Other research analysts have also issued research reports about the company. TheStreet lowered Floor & Decor from a c- rating to a d+ rating in a report on Friday, August 31st. Wedbush cut their price objective on Floor & Decor from $50.00 to $38.00 and set an outperform rating for the company in a research report on Monday, October 29th. Guggenheim began coverage on Floor & Decor in a research report on Wednesday, August 8th. They set a buy rating for the company. Zacks Investment Research downgraded Floor & Decor from a buy rating to a hold rating in a research report on Friday, August 3rd. Finally, Stifel Nicolaus reissued a hold rating and set a $45.00 price objective (down from $55.00) on shares of Floor & Decor in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $43.35.
Shares of NYSE FND traded down $0.96 during trading on Friday, hitting $31.02. 49,131 shares of the company were exchanged, compared to its average volume of 2,421,182. Floor & Decor has a 12-month low of $24.01 and a 12-month high of $58.28. The company has a quick ratio of 0.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.11 billion, a PE ratio of 44.93, a P/E/G ratio of 1.34 and a beta of -0.01.
Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. Floor & Decor had a return on equity of 19.82% and a net margin of 8.80%. The business had revenue of $435.90 million for the quarter, compared to analyst estimates of $428.88 million. During the same quarter in the previous year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 26.8% compared to the same quarter last year. Research analysts expect that Floor & Decor will post 0.95 EPS for the current year.
In other Floor & Decor news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of Floor & Decor stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $37.00, for a total value of $286,531,996.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 8.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC acquired a new position in shares of Floor & Decor in the third quarter valued at approximately $177,000. Strs Ohio purchased a new position in Floor & Decor during the second quarter worth about $195,000. SG Americas Securities LLC purchased a new position in Floor & Decor during the second quarter worth about $200,000. Pitcairn Co. purchased a new position in Floor & Decor during the second quarter worth about $201,000. Finally, Clinton Group Inc. acquired a new stake in Floor & Decor during the third quarter worth about $204,000.
Floor & Decor Company Profile
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, 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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