Floor & Decor (NYSE:FND) Receives Outperform Rating from Robert W. Baird

Robert W. Baird restated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research note published on Tuesday, Benzinga reports. Robert W. Baird currently has a $127.00 price objective on the stock.

A number of other research firms also recently weighed in on FND. UBS Group decreased their price target on shares of Floor & Decor from $135.00 to $125.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. TD Cowen cut their price objective on Floor & Decor from $125.00 to $115.00 and set a hold rating for the company in a report on Friday, May 3rd. Wedbush reissued an outperform rating and set a $125.00 price objective on shares of Floor & Decor in a report on Friday, May 3rd. Bank of America lifted their price objective on Floor & Decor from $125.00 to $140.00 and gave the company a buy rating in a report on Thursday, March 14th. Finally, Telsey Advisory Group reissued a market perform rating and set a $110.00 price objective on shares of Floor & Decor in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $108.62.

Floor & Decor Stock Up 0.9 %

FND opened at $96.09 on Tuesday. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The firm’s fifty day moving average price is $114.29 and its two-hundred day moving average price is $113.99. The company has a market capitalization of $10.28 billion, a P/E ratio of 46.42, a P/E/G ratio of 10.24 and a beta of 1.74.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $0.66 earnings per share. The business’s revenue was down 2.2% compared to the same quarter last year. On average, analysts anticipate that Floor & Decor will post 1.89 EPS for the current year.

Insiders Place Their Bets

In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the transaction, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the transaction, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The disclosure for this sale can be found here. In the last three months, insiders sold 41,778 shares of company stock valued at $5,182,791. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Floor & Decor

Institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new position in shares of Floor & Decor during the 4th quarter worth about $4,161,000. Wellington Management Group LLP grew its position in shares of Floor & Decor by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after buying an additional 265,622 shares during the period. Pacer Advisors Inc. acquired a new position in shares of Floor & Decor during the 4th quarter worth about $1,767,000. Yousif Capital Management LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth about $5,614,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Floor & Decor by 12.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after purchasing an additional 79,210 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.