Robert W. Baird Reiterates “Outperform” Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $127.00 price target on the stock. Robert W. Baird’s target price would suggest a potential upside of 34.73% from the company’s previous close.

A number of other equities analysts have also recently commented on FND. Evercore ISI lifted their price target on Floor & Decor from $120.00 to $125.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 14th. UBS Group decreased their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Bank of America lifted their price target on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Monday, April 29th. Finally, Piper Sandler lifted their price objective on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $108.62.

Floor & Decor Price Performance

NYSE FND traded down $1.01 during trading hours on Tuesday, hitting $94.26. The company had a trading volume of 560,468 shares, compared to its average volume of 1,347,894. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The firm has a 50 day simple moving average of $114.57 and a 200 day simple moving average of $114.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 45.54, a PEG ratio of 10.24 and a beta of 1.74.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. Floor & Decor’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Equities research analysts expect that Floor & Decor will post 1.89 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Peter Starrett sold 1,569 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the sale, the director now owns 118,620 shares in the company, valued at $14,543,998.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Floor & Decor news, Director Peter Starrett sold 1,569 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the transaction, the director now owns 118,620 shares in the company, valued at approximately $14,543,998.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The disclosure for this sale can be found here. Insiders sold a total of 41,778 shares of company stock worth $5,182,791 over the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Floor & Decor

Institutional investors have recently modified their holdings of the stock. Riverview Trust Co bought a new stake in shares of Floor & Decor in the 1st quarter valued at approximately $26,000. Mendota Financial Group LLC bought a new stake in Floor & Decor during the 4th quarter valued at $33,000. Rise Advisors LLC bought a new stake in Floor & Decor during the 1st quarter valued at $39,000. Global Retirement Partners LLC raised its position in Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after purchasing an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Floor & Decor during the 4th quarter valued at $53,000.

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.