Floor & Decor (NYSE:FND) Price Target Cut to $95.00 by Analysts at Telsey Advisory Group

Floor & Decor (NYSE:FND) had its price objective trimmed by Telsey Advisory Group from $100.00 to $95.00 in a research report released on Friday morning, MarketBeat Ratings reports. The firm currently has a market perform rating on the stock. Telsey Advisory Group also issued estimates for Floor & Decor’s Q3 2024 earnings at $0.45 EPS, Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.70 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $2.28 EPS.

Other equities research analysts have also recently issued reports about the company. UBS Group lowered their target price on Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a research note on Friday, May 3rd. 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 report on Tuesday, April 9th. Truist Financial reduced their price target on Floor & Decor from $130.00 to $115.00 and set a buy rating on the stock in a research report on Wednesday, July 10th. Evercore ISI decreased their target price on Floor & Decor from $120.00 to $100.00 and set an in-line rating for the company in a research note on Tuesday, July 2nd. Finally, Mizuho reduced their price objective on Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a research report on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $104.15.

Floor & Decor Stock Down 0.7 %

NYSE:FND opened at $97.16 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The business’s fifty day moving average price is $104.16 and its 200 day moving average price is $111.55. The firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of 46.94, a PEG ratio of 10.13 and a beta of 1.74.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The business’s revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.66 EPS. On average, sell-side analysts forecast that Floor & Decor will post 1.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Peter Starrett sold 1,569 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $122.61, for a total value of $192,375.09. Following the transaction, the director now owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the transaction, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Starrett sold 1,569 shares of Floor & Decor stock in a transaction on Monday, May 13th. The shares were sold at an average price of $122.61, for a total value of $192,375.09. Following the sale, the director now directly owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,778 shares of company stock valued at $4,591,591. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FND. Riverview Trust Co acquired a new position in Floor & Decor during the 1st quarter valued at about $26,000. Rise Advisors LLC acquired a new stake in Floor & Decor during the first quarter worth about $39,000. J.Safra Asset Management Corp grew its holdings in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after acquiring an additional 372 shares during the period. Global Retirement Partners LLC grew its holdings in Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after acquiring an additional 167 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Floor & Decor during the fourth quarter worth about $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.