Evercore ISI Increases Floor & Decor (NYSE:FND) Price Target to $125.00

Floor & Decor (NYSE:FNDFree Report) had its target price upped by Evercore ISI from $120.00 to $125.00 in a report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus cut their target price on shares of Floor & Decor from $115.00 to $110.00 and set a hold rating for the company in a research report on Monday, February 26th. UBS Group cut their price objective on Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a report on Friday, May 3rd. Sanford C. Bernstein downgraded Floor & Decor from an outperform rating to a market perform rating and boosted their target price for the company from $100.00 to $115.00 in a research note on Tuesday, January 16th. Piper Sandler raised their price target on Floor & Decor from $105.00 to $115.00 and gave the stock a neutral rating in a research note on Tuesday, April 9th. Finally, Truist Financial boosted their price target on Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a research note on Tuesday, February 20th. Two research 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 MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $109.24.

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Floor & Decor Price Performance

FND opened at $118.93 on Tuesday. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $12.73 billion, a P/E ratio of 57.45, a PEG ratio of 7.03 and a beta of 1.86. The stock has a fifty day moving average of $118.39 and a 200-day moving average of $108.78.

Floor & Decor (NYSE:FNDGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 EPS. Equities analysts forecast that Floor & Decor will post 1.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 of the company’s stock, valued at $1,639,233.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the transaction, the president now directly owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of the firm’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 completion of the sale, the executive vice president now owns 13,271 shares in the company, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold a total of 98,446 shares of company stock valued at $11,924,005 in the last quarter. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in Floor & Decor during the first quarter worth $26,000. Mendota Financial Group LLC bought a new position in shares of Floor & Decor during the 4th quarter worth about $33,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor during the 1st quarter valued at about $39,000. DekaBank Deutsche Girozentrale bought a new stake in Floor & Decor in the third quarter valued at about $30,000. Finally, Global Retirement Partners LLC increased its stake 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 period.

About Floor & Decor

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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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Analyst Recommendations for Floor & Decor (NYSE:FND)

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