Zacks Investment Research lowered shares of Floor & Decor (NYSE:FND) from a hold rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “

Several other research firms have also recently commented on FND. Telsey Advisory Group set a $125.00 target price on Expedia Group and gave the company a hold rating in a research note on Friday, May 3rd. Gordon Haskett upgraded Darden Restaurants from an underperform rating to a hold rating in a research note on Thursday, March 21st. Loop Capital initiated coverage on Regis in a research note on Friday, April 5th. They issued a buy rating and a $25.00 target price on the stock. Stephens restated a buy rating and issued a $34.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Finally, UBS Group boosted their target price on W. R. Berkley from $53.00 to $56.00 and gave the company a sell rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Floor & Decor presently has an average rating of Hold and a consensus price target of $43.18.

NYSE:FND opened at $42.38 on Tuesday. Floor & Decor has a fifty-two week low of $23.30 and a fifty-two week high of $50.91. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23. The company has a market cap of $4.22 billion, a PE ratio of 43.69, a PEG ratio of 1.65 and a beta of 2.13. The company’s 50-day simple moving average is $39.29.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The business had revenue of $477.05 million for the quarter, compared to analysts’ expectations of $480.17 million. During the same quarter in the previous year, the business posted $0.26 EPS. Floor & Decor’s revenue for the quarter was up 18.4% on a year-over-year basis. Equities analysts anticipate that Floor & Decor will post 1.1 earnings per share for the current year.

In other Floor & Decor news, Director George Vincent West sold 371,597 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $42.39, for a total transaction of $15,751,996.83. Following the transaction, the director now owns 15,077 shares of the company’s stock, valued at approximately $639,114.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Trevor Lang sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $38.88, for a total value of $1,555,200.00. Following the transaction, the chief financial officer now directly owns 178,669 shares in the company, valued at approximately $6,946,650.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,266,646 shares of company stock worth $54,264,663 in the last ninety days. Insiders own 7.00% of the company’s stock.

Large investors have recently bought and sold shares of the business. Landsberg Bennett & Dubbaneh LLC acquired a new position in shares of Floor & Decor during the 1st quarter worth approximately $902,000. Trexquant Investment LP increased its position in shares of Floor & Decor by 75.2% during the 1st quarter. Trexquant Investment LP now owns 71,571 shares of the company’s stock worth $2,950,000 after purchasing an additional 30,724 shares during the last quarter. LGT Capital Partners LTD. increased its position in shares of Floor & Decor by 39.3% during the 1st quarter. LGT Capital Partners LTD. now owns 62,000 shares of the company’s stock worth $2,556,000 after purchasing an additional 17,500 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Floor & Decor by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 82,658 shares of the company’s stock worth $3,407,000 after purchasing an additional 5,272 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its position in shares of Floor & Decor by 32.4% during the 1st quarter. Artisan Partners Limited Partnership now owns 786,949 shares of the company’s stock worth $32,438,000 after purchasing an additional 192,614 shares during the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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