Floor & Decor (NYSE:FND) Price Target Cut to $80.00 by Analysts at Evercore ISI

Key Points

• Evercore ISI has cut the price target for Floor & Decor from $85.00 to $80.00, maintaining an "in-line" rating on the stock, which suggests a potential upside of 13.01% from its current price.
• The company's stock has recently traded down 1.3%, and has a current market cap of $7.62 billion with a PE ratio of 36.31.
• Despite mixed ratings from analysts, the consensus rating for Floor & Decor remains a "Hold" with an average target price of $88.31.

Floor & Decor (NYSE:FND - Get Free Report) had its price target cut by analysts at Evercore ISI from $85.00 to $80.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "in-line" rating on the stock. Evercore ISI's price target would suggest a potential upside of 13.01% from the company's current price.

Several other equities research analysts also recently weighed in on FND. Weiss Ratings reissued a "hold (c)" rating on shares of Floor & Decor in a research note on Saturday, September 27th. Telsey Advisory Group reissued an "outperform" rating and issued a $92.00 price objective on shares of Floor & Decor in a research report on Tuesday, August 12th. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Guggenheim cut their target price on Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Finally, Wolfe Research initiated coverage on Floor & Decor in a report on Thursday, September 18th. They issued an "underperform" rating and a $76.00 price target on the stock. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of "Hold" and an average target price of $88.31.

Floor & Decor Trading Down 1.3%

NYSE FND traded down $0.92 during trading hours on Tuesday, hitting $70.79. 871,116 shares of the company were exchanged, compared to its average volume of 2,091,913. Floor & Decor has a 52 week low of $66.01 and a 52 week high of $122.90. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $81.67 and a 200 day moving average price of $78.09. The stock has a market cap of $7.62 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 3.16 and a beta of 1.70.

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 the consensus estimate of $0.57 by $0.01. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Analysts forecast that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake 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 acquiring an additional 380,976 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Floor & Decor by 32.7% in 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 purchasing an additional 1,686,085 shares in the last quarter. State Street Corp lifted its position in shares of Floor & Decor by 1.1% in the 2nd 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. boosted its stake in shares of Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after purchasing an additional 1,558,409 shares in the last quarter. Finally, Wasatch Advisors LP increased its holdings in Floor & Decor by 19.2% during the second 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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