Floor & Decor (NYSE:FND) Rating Reiterated by Wedbush

Floor & Decor (NYSE:FND - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Wedbush in a report released on Friday, Benzinga reports. They presently have a $125.00 target price on the stock. Wedbush's price target indicates a potential upside of 10.58% from the company's current price.

Other research analysts have also issued research reports about the stock. Sanford C. Bernstein lowered shares of Floor & Decor from an "outperform" rating to a "market perform" rating and raised their price target for the company from $100.00 to $115.00 in a report on Tuesday, January 16th. Bank of America upped 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. The Goldman Sachs Group boosted their price objective on Floor & Decor from $71.00 to $79.00 and gave the stock a "neutral" rating in a research note on Monday, February 26th. 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. Finally, Barclays boosted their price target on Floor & Decor from $66.00 to $75.00 and gave the stock an "underweight" rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $108.76.

Floor & Decor Trading Up 0.2 %

Floor & Decor stock traded up $0.28 during trading on Friday, hitting $113.04. The company's stock had a trading volume of 2,307,068 shares, compared to its average volume of 1,400,615. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 49.80, a P/E/G ratio of 5.30 and a beta of 1.86. The stock's fifty day moving average is $118.98 and its 200 day moving average is $105.92. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14.

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, beating the consensus estimate 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 return on equity of 13.38% and a net margin of 5.57%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 earnings per share. As a group, equities research analysts predict that Floor & Decor will post 1.91 EPS for the current year.

Insider Activity at Floor & Decor

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares of the company's stock, valued at $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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 transaction of $702,978.90. Following the sale, the chief financial officer now 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 SEC, which is available at the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of the firm's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the sale, the executive vice president now directly owns 13,271 shares in the company, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock worth $11,016,089 over the last 90 days. Insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new position in Floor & Decor in the first quarter valued at about $26,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Floor & Decor during the third quarter worth about $30,000. Mendota Financial Group LLC bought a new stake in shares of Floor & Decor during the fourth quarter worth about $33,000. Rise Advisors LLC bought a new stake in shares of Floor & Decor during the first quarter worth about $39,000. Finally, Global Retirement Partners LLC boosted its holdings in Floor & Decor by 97.1% in the first quarter. Global Retirement Partners LLC now owns 339 shares of the company's stock valued at $44,000 after acquiring an additional 167 shares during 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.