Floor & Decor (NYSE:FND) Given New $75.00 Price Target at Evercore ISI

Key Points

• Evercore ISI has lowered its price target for Floor & Decor from $80.00 to $75.00, indicating a potential upside of 9.53% from the stock's last close.
• A total of five analysts have rated Floor & Decor as a Buy, while eleven have provided a Hold rating, and two have given it a Sell rating, reflecting mixed sentiment among investors.
• The company's revenue increased by 7.2% year-over-year, with an earnings per share (EPS) of $0.58 for the last quarter, marginally beating the consensus estimate.

Floor & Decor (NYSE:FND - Get Free Report) had its target price decreased by research analysts at Evercore ISI from $80.00 to $75.00 in a note issued to investors 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 9.53% from the stock's previous close.

A number of other research analysts have also weighed in on the stock. Wolfe Research began coverage on shares of Floor & Decor in a research note on Thursday, September 18th. They issued an "underperform" rating and a $76.00 price objective on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Floor & Decor in a research note on Wednesday, October 8th. Morgan Stanley dropped their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" 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. Finally, Piper Sandler dropped their price objective on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $87.24.

Floor & Decor Trading Down 1.3%

NYSE:FND opened at $68.47 on Tuesday. The firm has a market cap of $7.37 billion, a P/E ratio of 34.92, a P/E/G ratio of 2.86 and a beta of 1.70. Floor & Decor has a 52 week low of $66.01 and a 52 week high of $122.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The firm's fifty day moving average is $80.71 and its 200-day moving average is $77.61.

Floor & Decor (NYSE:FND - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The business 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%. Floor & Decor's revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities analysts expect that Floor & Decor will post 2 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Floor & Decor by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company's stock valued at $818,665,000 after purchasing an additional 380,976 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock valued at $550,228,000 after buying an additional 1,686,085 shares during the period. State Street Corp boosted its position in Floor & Decor by 1.1% during the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company's stock valued at $289,527,000 after buying an additional 42,636 shares during the period. Principal Financial Group Inc. boosted its position in Floor & Decor by 106.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after buying an additional 1,558,409 shares during the period. Finally, Wasatch Advisors LP boosted its position in Floor & Decor by 19.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company's stock valued at $206,397,000 after buying an additional 437,396 shares during the period.

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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