Evercore ISI Lowers Floor & Decor (NYSE:FND) Price Target to $85.00

Key Points

• Evercore ISI has lowered its price target for Floor & Decor from $90.00 to $85.00, maintaining an "in-line" rating, which suggests a potential upside of 2.77% from the current price.
• Five analysts have rated the stock as a Buy, nine as a Hold, and two as a Sell, resulting in an average rating of "Hold" with a consensus price target of $88.63.
• The company's recent quarterly earnings report showed earnings per share of $0.58, slightly exceeding analyst expectations and representing a year-over-year revenue increase of 7.2%.

Floor & Decor (NYSE:FND - Get Free Report) had its price target decreased by investment analysts at Evercore ISI from $90.00 to $85.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an "in-line" rating on the stock. Evercore ISI's price target suggests a potential upside of 2.77% from the company's current price.

Other analysts have also issued research reports about the stock. Piper Sandler dropped their price objective on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Guggenheim dropped their price objective on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Telsey Advisory Group restated an "outperform" rating and issued a $92.00 price target on shares of Floor & Decor in a research note on Tuesday, August 12th. Finally, Morgan Stanley cut their price target on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $88.63.

Floor & Decor Trading Up 2.1%

NYSE FND traded up $1.68 during mid-day trading on Tuesday, hitting $82.71. The company's stock had a trading volume of 254,570 shares, compared to its average volume of 2,082,939. The firm has a market capitalization of $8.91 billion, a P/E ratio of 42.34, a price-to-earnings-growth ratio of 3.58 and a beta of 1.68. The stock's fifty day simple moving average is $82.42 and its two-hundred day simple moving average is $78.84. Floor & Decor has a 52-week low of $66.01 and a 52-week high of $124.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The business's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Research analysts expect that Floor & Decor will post 2 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Floor & Decor by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock worth $818,665,000 after purchasing an additional 380,976 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Floor & Decor by 32.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock worth $550,228,000 after purchasing an additional 1,686,085 shares during the period. State Street Corp lifted its holdings in Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company's stock worth $289,527,000 after purchasing an additional 42,636 shares during the period. Principal Financial Group Inc. lifted its holdings in Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after purchasing an additional 1,558,409 shares during the period. Finally, Wasatch Advisors LP lifted its holdings in Floor & Decor by 19.2% in the second quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company's stock worth $206,397,000 after purchasing an additional 437,396 shares during the period.

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.

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