Floor & Decor (NYSE:FND) PT Raised to $115.00

Floor & Decor (NYSE:FND - Free Report) had its target price raised by Piper Sandler from $105.00 to $115.00 in a research note released on Tuesday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research firms have also recently issued reports on FND. Barclays increased their target price on Floor & Decor from $66.00 to $75.00 and gave the stock an underweight rating in a research note on Thursday, January 4th. Mizuho initiated coverage on Floor & Decor in a research note on Tuesday, March 19th. They set a neutral rating and a $115.00 target price for the company. Stifel Nicolaus lowered their target price on Floor & Decor from $115.00 to $110.00 and set a hold rating for the company in a research note on Monday, February 26th. The Goldman Sachs Group increased their target price on Floor & Decor from $71.00 to $79.00 and gave the stock a neutral rating in a research note on Monday, February 26th. Finally, Wells Fargo & Company cut Floor & Decor from an overweight rating to an equal weight rating and increased their target price for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $109.95.

Floor & Decor Price Performance

NYSE FND traded up $1.08 on Tuesday, hitting $122.69. 724,297 shares of the company were exchanged, compared to its average volume of 1,414,235. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The company has a market cap of $13.10 billion, a P/E ratio of 53.51, a P/E/G ratio of 5.74 and a beta of 1.85. The firm has a 50 day moving average of $117.60 and a two-hundred day moving average of $103.24. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to analysts' expectations of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. Floor & Decor's revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 EPS. On average, equities analysts predict that Floor & Decor will post 1.92 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Bryan Langley sold 5,865 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares of the company's stock, valued at $2,088,200.92. The sale was disclosed in a filing with the SEC, which is available through this link. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the sale, the executive vice president now owns 13,271 shares of the company's stock, valued at approximately $1,639,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the sale, the chief financial officer now owns 17,422 shares of the company's stock, valued at $2,088,200.92. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Floor & Decor by 32.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,652 shares of the company's stock worth $539,000 after purchasing an additional 1,619 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Floor & Decor by 28.2% in the first quarter. HighTower Advisors LLC now owns 13,092 shares of the company's stock valued at $1,062,000 after acquiring an additional 2,882 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Floor & Decor by 84.2% in the first quarter. PNC Financial Services Group Inc. now owns 9,055 shares of the company's stock valued at $733,000 after purchasing an additional 4,138 shares during the period. Bank of Montreal Can grew its position in shares of Floor & Decor by 4.3% during the first quarter. Bank of Montreal Can now owns 11,755 shares of the company's stock worth $1,047,000 after buying an additional 490 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Floor & Decor by 273.9% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 789 shares of the company's stock valued at $64,000 after purchasing an additional 578 shares during the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.