Floor & Decor (FND) Stock Price Down 6.5%

Floor & Decor Holdings Inc (NYSE:FND) shares were down 6.5% on Monday . The stock traded as low as $38.48 and last traded at $38.69. Approximately 1,616,200 shares changed hands during trading, an increase of 29% from the average daily volume of 1,253,733 shares. The stock had previously closed at $41.38.

Several research analysts have weighed in on FND shares. Bank of America lowered Floor & Decor from a “buy” rating to an “underperform” rating and set a $29.00 price target on the stock. in a research report on Friday, February 1st. Robert W. Baird started coverage on Floor & Decor in a research report on Monday, March 4th. They set an “outperform” rating and a $48.00 price target on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and set a $54.00 price target (up previously from $45.00) on shares of Floor & Decor in a research report on Wednesday, April 24th. Morgan Stanley set a $36.00 price target on Floor & Decor and gave the stock a “hold” rating in a research report on Friday, February 22nd. Finally, Stephens assumed coverage on Floor & Decor in a research report on Tuesday, April 23rd. They set a “weight” rating and a $56.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.08.

The company has a quick ratio of 0.23, a current ratio of 1.32 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $3.80 billion, a P/E ratio of 43.74, a P/E/G ratio of 1.47 and a beta of 1.78.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The company had revenue of $477.05 million during the quarter, compared to the consensus estimate of $480.17 million. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities analysts expect that Floor & Decor Holdings Inc will post 1.11 EPS for the current year.

In other news, Director Felicia D. Thornton purchased 2,600 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 27th. The stock was acquired at an average cost of $37.82 per share, for a total transaction of $98,332.00. Following the purchase, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $292,272.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Trevor Lang sold 15,000 shares of the business’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $37.50, for a total value of $562,500.00. Following the completion of the sale, the chief financial officer now owns 153,669 shares of the company’s stock, valued at $5,762,587.50. The disclosure for this sale can be found here. Insiders sold a total of 7,668,123 shares of company stock valued at $292,988,420 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its stake in Floor & Decor by 7,970.0% in the 1st quarter. Macquarie Group Ltd. now owns 811,273 shares of the company’s stock valued at $33,441,000 after purchasing an additional 801,220 shares during the period. Jefferies Group LLC boosted its stake in Floor & Decor by 141.6% in the 1st quarter. Jefferies Group LLC now owns 20,992 shares of the company’s stock valued at $865,000 after purchasing an additional 71,499 shares during the period. Utah Retirement Systems boosted its stake in Floor & Decor by 24.0% in the 1st quarter. Utah Retirement Systems now owns 11,036 shares of the company’s stock valued at $455,000 after purchasing an additional 2,136 shares during the period. Wellington Management Group LLP raised its holdings in Floor & Decor by 3.3% in the 1st quarter. Wellington Management Group LLP now owns 5,256,313 shares of the company’s stock valued at $216,664,000 after acquiring an additional 169,153 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Floor & Decor by 14.2% in the 1st quarter. Voya Investment Management LLC now owns 17,017 shares of the company’s stock valued at $701,000 after acquiring an additional 2,110 shares in the last quarter.

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Floor & Decor Company Profile (NYSE:FND)

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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