Floor & Decor (NYSE:FND) Shares Gap Down on Analyst Downgrade

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) gapped down prior to trading on Friday after UBS Group lowered their price target on the stock from $135.00 to $125.00. The stock had previously closed at $112.76, but opened at $109.87. UBS Group currently has a neutral rating on the stock. Floor & Decor shares last traded at $115.47, with a volume of 637,688 shares changing hands.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein lowered Floor & Decor from an "outperform" rating to a "market perform" rating and upped their target price for the company from $100.00 to $115.00 in a report on Tuesday, January 16th. Piper Sandler boosted their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, April 9th. TD Cowen dropped their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a "hold" rating on the stock in a report on Friday. The Goldman Sachs Group boosted their target price on shares of Floor & Decor from $71.00 to $79.00 and gave the company a "neutral" rating in a research note on Monday, February 26th. Finally, Guggenheim raised their price target 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. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Floor & Decor presently has an average rating of "Hold" and an average price target of $108.76.

Insider Buying and Selling

In related news, CFO Bryan Langley sold 5,865 shares of the company's stock in a transaction that occurred on 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 in the company, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Bryan Langley sold 5,865 shares of the company's stock in a transaction 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 transaction, the chief financial officer now directly owns 17,422 shares of the company's stock, valued at $2,088,200.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Trevor Lang sold 13,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares of the company's stock, valued at $21,061,648.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the company. Riverview Trust Co bought a new position in shares of Floor & Decor in the first quarter valued at approximately $26,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor in the fourth quarter worth about $33,000. Rise Advisors LLC bought a new position in Floor & Decor in the 1st quarter worth approximately $39,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Floor & Decor during the third quarter worth $30,000. Finally, Global Retirement Partners LLC boosted its stake in shares of Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company's stock valued at $44,000 after purchasing an additional 167 shares during the last quarter.

Floor & Decor Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 49.80, a PEG ratio of 5.30 and a beta of 1.86. The firm's 50-day moving average price is $118.98 and its 200 day moving average price is $105.92.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.66 EPS. On average, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 1.91 EPS for the current year.

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.