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Floor & Decor (NYSE:FND) Stock Price Down 3.2%

Floor & Decor logo with Construction background

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report)'s stock price fell 3.2% on Tuesday . The company traded as low as $109.84 and last traded at $110.13. 37,524 shares were traded during trading, a decline of 97% from the average session volume of 1,283,975 shares. The stock had previously closed at $113.74.

Analysts Set New Price Targets

FND has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. Evercore ISI upped their target price on Floor & Decor from $120.00 to $125.00 and gave the company an "in-line" rating in a research note on Tuesday, May 14th. Mizuho reduced their price objective on Floor & Decor from $115.00 to $110.00 and set a "neutral" rating on the stock in a research report on Friday, May 3rd. Bank of America raised their target price 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. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $110.00 price target on shares of Floor & Decor in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and a consensus price target of $109.24.

Read Our Latest Stock Analysis on FND

Floor & Decor Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The business's 50-day moving average price is $115.31 and its two-hundred day moving average price is $114.18. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 51.05, a P/E/G ratio of 11.81 and a beta of 1.78.


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

Insider Activity at Floor & Decor

In other news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Steven Alan Denny sold 1,010 shares of the company's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the transaction, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the firm's stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the sale, the chief executive officer now owns 168,386 shares in the company, valued at $21,048,250. The disclosure for this sale can be found here. Insiders sold a total of 41,778 shares of company stock valued at $5,182,791 in the last quarter. Insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Polen Capital Management LLC increased its holdings in shares of 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 during the period. Capital World Investors lifted its position in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company's stock worth $1,328,518,000 after purchasing an additional 627,256 shares during the period. Vanguard Group Inc. boosted its stake in 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 increased its position in shares of Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company's stock valued at $1,020,348,000 after purchasing an additional 1,334,650 shares during the period. Finally, WCM Investment Management LLC raised its stake in shares of Floor & Decor by 1.0% in the 4th quarter. WCM Investment Management LLC now owns 4,521,719 shares of the company's stock worth $514,979,000 after buying an additional 46,964 shares in the last quarter.

About Floor & Decor

(Get Free Report)

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.

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