Floor & Decor (NYSE:FND) had its price objective increased by investment analysts at The Goldman Sachs Group from $118.00 to $133.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price objective would indicate a potential upside of 17.49% from the stock's current price.
A number of other equities research analysts also recently weighed in on FND. Evercore ISI upgraded Floor & Decor from an "in-line" rating to an "outperform" rating in a research report on Monday, March 29th. Wells Fargo & Company raised their price target on Floor & Decor from $120.00 to $130.00 and gave the company an "overweight" rating in a research report on Tuesday. Citigroup raised their price target on Floor & Decor from $107.00 to $136.00 in a research report on Tuesday. Piper Sandler upgraded Floor & Decor from a "neutral" rating to an "overweight" rating and raised their price target for the company from $80.00 to $124.00 in a research report on Thursday, February 25th. Finally, Morgan Stanley raised their price objective on Floor & Decor from $77.00 to $100.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 20th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company has an average rating of "Buy" and an average price target of $105.27.
Shares of FND stock opened at $113.20 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 1.57. Floor & Decor has a 52-week low of $39.56 and a 52-week high of $116.58. The company has a market capitalization of $11.82 billion, a PE ratio of 69.02, a price-to-earnings-growth ratio of 2.13 and a beta of 1.90. The business's fifty day moving average is $105.17 and its 200 day moving average is $94.80.
Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, May 6th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.53 by $0.15. Floor & Decor had a return on equity of 16.23% and a net margin of 7.77%. The company had revenue of $782.50 million for the quarter, compared to the consensus estimate of $749.66 million. During the same quarter last year, the business posted $0.34 earnings per share. The firm's revenue was up 41.0% compared to the same quarter last year. On average, sell-side analysts forecast that Floor & Decor will post 1.46 EPS for the current fiscal year.
In other Floor & Decor news, CFO Trevor Lang sold 7,000 shares of Floor & Decor stock in a transaction that occurred on Monday, April 26th. The shares were sold at an average price of $114.50, for a total value of $801,500.00. Following the completion of the sale, the chief financial officer now owns 176,774 shares of the company's stock, valued at approximately $20,240,623. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP David Victor Christopherson sold 5,929 shares of Floor & Decor stock in a transaction that occurred on Monday, April 26th. The stock was sold at an average price of $112.16, for a total transaction of $664,996.64. Following the completion of the sale, the executive vice president now directly owns 53,749 shares of the company's stock, valued at approximately $6,028,487.84. The disclosure for this sale can be found here. In the last ninety days, insiders sold 412,871 shares of company stock valued at $42,192,935. 5.20% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of FND. Metropolitan Life Insurance Co NY grew its position in shares of Floor & Decor by 18.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company's stock valued at $181,000 after acquiring an additional 680 shares during the period. First Trust Advisors LP bought a new stake in shares of Floor & Decor during the 1st quarter valued at $2,060,000. Sei Investments Co. grew its position in shares of Floor & Decor by 20.2% during the 3rd quarter. Sei Investments Co. now owns 108,695 shares of the company's stock valued at $8,134,000 after acquiring an additional 18,258 shares during the period. Mountain Capital Investment Advisors Inc bought a new position in Floor & Decor in the 4th quarter worth $845,000. Finally, Sheets Smith Wealth Management bought a new position in Floor & Decor in the 4th quarter worth $363,000. 96.26% of the stock is owned by hedge funds and other institutional investors.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
Recommended Story: Short Selling - Explanation For Shorting Stocks
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: What does a market perform rating mean?7 Stocks to Support Your New Year’s Resolutions
After a year like 2020, many Americans figure that just getting to 2021 was enough. But for many people, the start of a new year still means making resolutions. And while many Americans are still waking up to Groundhog’s Day, there is hope that things will look dramatically different in September than they do right now.
Some of the most popular resolutions include losing weight, exercising more, or taking steps to get our life and/or business more organized. And many pure-play companies lean into these trends and are doing well.
As an alternative to this, you can also invest in companies that are not pure plays but can still benefit from consumers looking to start fresh. Owning these stocks helps you manage your risk. If the trend holds, you can ride the wave. On the other hand, if the wave turns into a ripple, the stocks have other catalysts to get them through.
In this special presentation, we’ll take a look at both of these categories. We’ve got several pure-play companies that let investors buy stocks in companies benefiting from these trends. We’ll also give you a few stocks that fall in the latter category.
These are stocks that you might buy at any time and for many reasons. However, they present excellent buys as the new year begins.
View the "7 Stocks to Support Your New Year’s Resolutions"