Evercore ISI Boosts Floor & Decor (NYSE:FND) Price Target to $125.00

Floor & Decor (NYSE:FND - Free Report) had its price target upped by Evercore ISI from $120.00 to $125.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has an in-line rating on the stock.

FND has been the subject of a number of other reports. Bank of America increased their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Guggenheim lifted their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the company a buy rating in a research note on Tuesday, February 27th. Truist Financial increased their price objective on Floor & Decor from $102.00 to $127.00 and gave the stock a buy rating in a report on Tuesday, February 20th. Mizuho lowered their target price on Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $110.00 price target on shares of Floor & Decor in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $109.24.

Floor & Decor Trading Up 0.8 %

Shares of NYSE:FND traded up $0.98 during mid-day trading on Tuesday, hitting $123.55. The stock had a trading volume of 1,312,359 shares, compared to its average volume of 1,378,100. The company's 50 day moving average is $118.65 and its 200-day moving average is $108.02. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company has a market cap of $13.22 billion, a PE ratio of 60.52, a P/E/G ratio of 7.19 and a beta of 1.86.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the company earned $0.66 earnings per share. The company's revenue for the quarter was down 2.2% on a year-over-year basis. On average, sell-side analysts predict that Floor & Decor will post 1.89 EPS for the current year.

Insider Buying and Selling

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the sale, the president now owns 170,844 shares of the company's stock, valued at approximately $21,061,648.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Peter Starrett sold 5,000 shares of the business's stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total transaction of $591,200.00. Following the transaction, the director now directly owns 128,189 shares in the company, valued at $15,157,067.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Trevor Lang sold 13,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now owns 170,844 shares of the company's stock, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 95,867 shares of company stock valued at $11,607,289. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Polen Capital Management LLC raised its stake in shares of Floor & Decor by 59,133.5% in the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company's stock valued at $27,861,000 after buying an additional 25,141,795 shares in the last quarter. Capital World Investors raised its stake in Floor & Decor by 5.6% during the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company's stock worth $1,328,518,000 after buying an additional 627,256 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Floor & Decor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company's stock valued at $1,262,506,000 after purchasing an additional 81,305 shares in the last quarter. Capital Research Global Investors lifted its stake in Floor & Decor by 4.8% in the fourth quarter. Capital Research Global Investors now owns 6,537,191 shares of the company's stock valued at $729,327,000 after buying an additional 298,386 shares in the last quarter. Finally, FMR LLC boosted its stake in Floor & Decor by 13.1% in the 3rd quarter. FMR LLC now owns 4,605,699 shares of the company's stock worth $416,816,000 after purchasing an additional 531,891 shares during the period.

About Floor & Decor

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.