Floor & Decor (NYSE:FND) Stock Rating Lowered by Evercore

Floor & Decor (NYSE:FND - Get Free Report) was downgraded by equities researchers at Evercore from an "in-line" rating to an "underperform" rating in a research report issued on Friday, FinViz reports. They presently have a $45.00 target price on the stock, down from their previous target price of $55.00. Evercore's target price would indicate a potential downside of 7.98% from the company's current price.

FND has been the subject of several other reports. Truist Financial reduced their price objective on Floor & Decor from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, October 30th. TD Cowen lowered their target price on Floor & Decor from $58.00 to $52.00 and set a "hold" rating on the stock in a research report on Friday, October 30th. Robert W. Baird set a $67.00 price target on Floor & Decor in a report on Friday, July 31st. Wall Street Zen upgraded Floor & Decor from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $53.00 to $38.00 in a research note on Monday, November 2nd. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and six have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $54.45.

Floor & Decor Stock Performance

FND opened at $48.90 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.44 and a debt-to-equity ratio of 0.08. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 21.93 and a beta of 1.56. The company's 50 day moving average is $47.56 and its 200 day moving average is $53.83. Floor & Decor has a 12-month low of $42.64 and a 12-month high of $77.46.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. Floor & Decor had a net margin of 5.05% and a return on equity of 8.40%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts predict that Floor & Decor will post 1.92 EPS for the current year.

Insider Activity at Floor & Decor

In related news, EVP Ersan Sayman sold 21,428 shares of Floor & Decor stock in a transaction on Tuesday, November 10th. The shares were sold at an average price of $52.00, for a total transaction of $1,114,256.00. Following the transaction, the executive vice president owned 71,676 shares in the company, valued at approximately $3,727,152. The trade was a 23.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently made changes to their positions in FND. Madison Asset Management LLC purchased a new stake in shares of Floor & Decor during the second quarter worth about $78,941,000. Turtle Creek Asset Management Inc. lifted its holdings in Floor & Decor by 41.7% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company's stock worth $140,088,000 after purchasing an additional 811,910 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Floor & Decor by 33.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company's stock worth $132,424,000 after purchasing an additional 659,355 shares during the period. Alua Capital Management LP bought a new position in Floor & Decor in the 1st quarter worth approximately $22,393,000. Finally, Mawer Investment Management Ltd. boosted its stake in Floor & Decor by 236.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 540,317 shares of the company's stock worth $24,752,000 after purchasing an additional 379,917 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc. is a specialty retailer of hard-surface flooring and related products. Its assortment includes tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools and decorative accessories. The company serves both professional flooring contractors and homeowners through warehouse-format stores and online sales. Many stores also offer design services and product displays to help customers plan residential and commercial projects. Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates stores across the United States.

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