Evercore ISI Cuts Floor & Decor (NYSE:FND) Price Target to $80.00

Floor & Decor (NYSE:FND - Get Free Report) had its price target reduced by investment analysts at Evercore ISI from $85.00 to $80.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price objective suggests a potential upside of 5.86% from the stock's previous close.

A number of other research analysts also recently issued reports on FND. Barclays reduced their price objective on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Mizuho reduced 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. Wells Fargo & Company reduced their price target on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus dropped their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Loop Capital lowered their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, Floor & Decor presently has an average rating of "Hold" and an average price target of $93.00.

Floor & Decor Stock Performance

NYSE:FND traded down $0.03 on Tuesday, reaching $75.57. 332,222 shares of the company's stock were exchanged, compared to its average volume of 2,091,207. Floor & Decor has a 52 week low of $66.01 and a 52 week high of $124.68. The stock has a fifty day simple moving average of $73.90 and a 200-day simple moving average of $86.93. 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 cap of $8.13 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 2.35 and a beta of 1.72.

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

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of FND. Huntington National Bank increased its holdings in Floor & Decor by 120.5% during the 4th 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 bought a new position in shares of Floor & Decor in the 4th quarter worth $35,000. Northwestern Mutual Wealth Management Co. boosted its position in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares in the last quarter. Allworth Financial LP grew its stake in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after purchasing an additional 182 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Floor & Decor during the first quarter valued at about $47,000.

About Floor & Decor

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.

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