Floor & Decor (NYSE:FND) Receives New Coverage from Analysts at TD Cowen

Equities research analysts at TD Cowen assumed coverage on shares of Floor & Decor (NYSE:FND - Get Free Report) in a note issued to investors on Wednesday, Marketbeat Ratings reports. The firm set a "hold" rating and a $125.00 price target on the stock. TD Cowen's price objective indicates a potential upside of 9.57% from the stock's previous close.

Several other equities research analysts have also weighed in on the company. Stifel Nicolaus reduced their price objective 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. Telsey Advisory Group raised their target price on Floor & Decor from $95.00 to $110.00 and gave the stock a "market perform" rating in a research report on Friday, February 23rd. Sanford C. Bernstein lowered Floor & Decor from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $100.00 to $115.00 in a report on Tuesday, January 16th. Mizuho assumed coverage on Floor & Decor in a report on Tuesday, March 19th. They set a "neutral" rating and a $115.00 price objective for the company. Finally, Evercore ISI increased their price objective on Floor & Decor from $120.00 to $130.00 and gave the stock an "in-line" rating in a report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $110.67.

Floor & Decor Price Performance

NYSE FND traded down $8.67 on Wednesday, reaching $114.08. 1,861,156 shares of the stock traded hands, compared to its average volume of 1,420,712. The firm's fifty day simple moving average is $118.02 and its 200 day simple moving average is $103.47. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 51.05, a P/E/G ratio of 5.86 and a beta of 1.85. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

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

Insider Activity

In other news, CFO Bryan Langley sold 5,865 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the sale, 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 document filed with the SEC, which is available at the SEC website. In related news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares of the company's stock, valued at $2,999,667.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares in the company, valued at $2,088,200.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,867 shares of company stock valued at $11,016,089. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently added to or reduced their stakes in FND. Polen Capital Management LLC boosted its holdings in Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company's stock valued at $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. BlackRock Inc. boosted its holdings in Floor & Decor by 21.4% during the first quarter. BlackRock Inc. now owns 7,948,493 shares of the company's stock valued at $780,701,000 after purchasing an additional 1,401,173 shares in the last quarter. Capital World Investors boosted its holdings in Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company's stock valued at $1,328,518,000 after purchasing an additional 627,256 shares in the last quarter. FMR LLC boosted its holdings in Floor & Decor by 13.1% during the third quarter. FMR LLC now owns 4,605,699 shares of the company's stock valued at $416,816,000 after purchasing an additional 531,891 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Floor & Decor by 435.1% during the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company's stock valued at $59,163,000 after purchasing an additional 531,574 shares in the last quarter.

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.