Floor & Decor (NYSE:FND) Stock Rating Reaffirmed by Telsey Advisory Group

Floor & Decor (NYSE:FND)‘s stock had its “market perform” rating reiterated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $110.00 price objective on the stock. Telsey Advisory Group’s price objective would suggest a potential downside of 0.84% from the company’s current price.

Several other analysts have also weighed in on the company. Evercore ISI decreased their price objective on Floor & Decor from $125.00 to $120.00 and set an “in-line” rating on the stock in a report on Tuesday, April 16th. Bank of America lifted their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Sanford C. Bernstein cut shares of Floor & Decor from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $100.00 to $115.00 in a research note on Tuesday, January 16th. Mizuho started coverage on shares of Floor & Decor in a report on Tuesday, March 19th. They set a “neutral” rating and a $115.00 price objective for the company. Finally, Guggenheim upped their target price 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 equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus target price of $110.19.

Floor & Decor Price Performance

NYSE:FND opened at $110.93 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The company has a fifty day moving average price of $118.98 and a 200 day moving average price of $105.46. The stock has a market cap of $11.84 billion, a P/E ratio of 48.87, a PEG ratio of 5.34 and a beta of 1.85.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Analysts anticipate that Floor & Decor will post 1.92 earnings per share for the current year.

Insider Activity at Floor & Decor

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the transaction, the president now owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value 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. Insiders sold 90,867 shares of company stock valued at $11,016,089 in the last three months. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Several large investors have recently made changes to their positions in FND. Riverview Trust Co bought a new stake in Floor & Decor during the 1st quarter worth about $26,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $30,000. Mendota Financial Group LLC bought a new stake in shares of Floor & Decor during the fourth quarter worth approximately $33,000. Rise Advisors LLC acquired a new position in Floor & Decor in the first quarter valued at approximately $39,000. Finally, Global Retirement Partners LLC lifted 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 buying an additional 167 shares during the period.

Floor & Decor Company Profile

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.