Evercore ISI Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND - Get Free Report) had its target price cut by equities researchers at Evercore ISI from $85.00 to $80.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price objective points to a potential upside of 6.24% from the company's previous close.

Several other equities research analysts have also recently commented on the company. Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen raised Floor & Decor from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th. Wells Fargo & Company cut their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Mizuho lowered their target price on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Loop Capital dropped their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $93.00.

Floor & Decor Stock Performance

Shares of FND traded down $0.48 during trading hours on Tuesday, reaching $75.30. 1,673,467 shares of the company's stock traded hands, compared to its average volume of 2,088,190. Floor & Decor has a twelve month low of $66.01 and a twelve month high of $124.68. The business's fifty day simple moving average is $74.25 and its two-hundred day simple moving average is $86.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 0.27. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 2.36 and a beta of 1.71.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. Floor & Decor's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Analysts predict that Floor & Decor will post 2 earnings per share for the current year.

Institutional Trading of Floor & Decor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FND. Huntington National Bank lifted its stake in Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after purchasing an additional 188 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Floor & Decor in the 4th quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after buying an additional 152 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Floor & Decor in the 1st quarter valued at $47,000. Finally, Proficio Capital Partners LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $49,000.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.