Floor & Decor (NYSE:FND) PT Lowered to $95.00 at Piper Sandler

Floor & Decor (NYSE:FND) had its target price trimmed by Piper Sandler from $115.00 to $95.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts also recently issued reports about the stock. Citigroup cut their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a neutral rating for the company in a research report on Friday, July 19th. Telsey Advisory Group lowered their price objective on Floor & Decor from $100.00 to $95.00 and set a market perform rating on the stock in a research report on Friday. Wedbush restated an outperform rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday. Robert W. Baird dropped their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an outperform rating for the company in a research note on Monday, July 29th. Finally, TD Cowen decreased their target price on shares of Floor & Decor from $115.00 to $100.00 and set a hold rating on the stock in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $104.15.

Floor & Decor Stock Performance

Shares of FND traded up $0.52 during midday trading on Friday, reaching $97.56. The stock had a trading volume of 771,134 shares, compared to its average volume of 1,518,376. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $104.16 and a 200-day simple moving average of $111.55. The firm has a market cap of $10.44 billion, a PE ratio of 46.82, a P/E/G ratio of 10.13 and a beta of 1.74. Floor & Decor has a one year low of $76.30 and a one year high of $135.67.

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

Insider Buying and Selling

In related news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Peter Starrett sold 1,569 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $122.61, for a total value of $192,375.09. Following the completion of 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. Insiders sold 36,778 shares of company stock valued at $4,591,591 over the last 90 days. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FND. Riverview Trust Co bought a new position in shares of Floor & Decor during the 1st quarter worth approximately $26,000. Rise Advisors LLC purchased a new position in Floor & Decor in the first quarter worth $39,000. J.Safra Asset Management Corp grew its stake in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the period. Global Retirement Partners LLC increased its position in shares of 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 during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth $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.