Floor & Decor Holdings Inc (NYSE:FND)’s stock price was down 7.1% during mid-day trading on Thursday . The company traded as low as $35.91 and last traded at $36.36, approximately 2,946,055 shares changed hands during trading. An increase of 149% from the average daily volume of 1,180,799 shares. The stock had previously closed at $39.15.
A number of research analysts recently issued reports on FND shares. Wedbush restated an “in-line” rating and set a $48.00 price objective (up previously from $43.00) on shares of Floor & Decor in a research report on Thursday, April 25th. Longbow Research lowered Floor & Decor from a “buy” rating to a “neutral” rating and set a $46.51 price objective for the company. in a research report on Monday, April 15th. Goldman Sachs Group started coverage on Floor & Decor in a research report on Thursday, July 11th. They set a “neutral” rating and a $45.00 price objective for the company. Citigroup reduced their price objective on Floor & Decor from $51.00 to $50.00 and set a “buy” rating for the company in a research report on Friday. Finally, UBS Group cut their target price on Floor & Decor from $55.00 to $51.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $43.48.
The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.23 and a current ratio of 1.32. The firm has a 50 day simple moving average of $40.88. The stock has a market capitalization of $3.85 billion, a P/E ratio of 45.32, a P/E/G ratio of 1.50 and a beta of 2.13.
Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.34 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.04. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The company had revenue of $520.31 million for the quarter, compared to the consensus estimate of $510.73 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts forecast that Floor & Decor Holdings Inc will post 1.1 EPS for the current year.
In other news, CEO Thomas V. Taylor sold 60,729 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $43.66, for a total transaction of $2,651,428.14. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George Vincent West sold 564,871 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $42.69, for a total value of $24,114,342.99. Following the sale, the director now directly owns 150,000 shares in the company, valued at $6,403,500. The disclosure for this sale can be found here. Insiders sold a total of 1,319,404 shares of company stock worth $56,264,277 in the last three months. Company insiders own 7.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in FND. Frontier Capital Management Co. LLC raised its position in shares of Floor & Decor by 474.1% during the first quarter. Frontier Capital Management Co. LLC now owns 1,654,918 shares of the company’s stock worth $68,216,000 after purchasing an additional 1,366,651 shares during the period. FMR LLC raised its position in shares of Floor & Decor by 44.3% during the first quarter. FMR LLC now owns 3,784,344 shares of the company’s stock worth $155,991,000 after purchasing an additional 1,161,156 shares during the period. American Century Companies Inc. acquired a new stake in shares of Floor & Decor during the fourth quarter worth $25,729,000. Scout Investments Inc. acquired a new stake in shares of Floor & Decor during the first quarter worth $30,137,000. Finally, Carillon Tower Advisers Inc. raised its position in shares of Floor & Decor by 41.1% during the first quarter. Carillon Tower Advisers Inc. now owns 1,679,327 shares of the company’s stock worth $69,221,000 after purchasing an additional 488,925 shares during the period.
Floor & Decor Company Profile (NYSE:FND)
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, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
Further Reading: Retained Earnings
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