Telsey Advisory Group Reiterates “Market Perform” Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “market perform” rating reiterated by equities research analysts at Telsey Advisory Group in a note issued to investors on Monday, Benzinga reports. They currently have a $110.00 price target on the stock. Telsey Advisory Group’s price target points to a potential downside of 0.84% from the company’s previous close.

A number of other brokerages have also recently commented on FND. Barclays increased their target price on Floor & Decor from $66.00 to $75.00 and gave the company an “underweight” rating in a report on Thursday, January 4th. TD Cowen initiated coverage on Floor & Decor in a report on Wednesday, April 10th. They issued a “hold” rating and a $125.00 price objective on the stock. UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 target price for the company. in a report on Tuesday, March 5th. Bank of America raised their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $100.00 to $115.00 in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $110.19.

Floor & Decor Stock Up 2.7 %

Floor & Decor stock opened at $110.93 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The stock has a market capitalization of $11.84 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 5.34 and a beta of 1.85. The business has a 50 day simple moving average of $118.98 and a 200-day simple moving average of $105.46. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up .0% compared to the same quarter last year. On average, analysts anticipate that Floor & Decor will post 1.92 EPS for the current fiscal year.

Insider Activity at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David Victor Christopherson sold 6,850 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now directly owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 in the last three months. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in shares of Floor & Decor during the fourth quarter worth $4,161,000. Pacer Advisors Inc. purchased a new position in shares of Floor & Decor in the 4th quarter valued at about $1,767,000. Kestra Advisory Services LLC increased its holdings in shares of Floor & Decor by 7.1% in the 3rd quarter. Kestra Advisory Services LLC now owns 5,292 shares of the company’s stock valued at $479,000 after acquiring an additional 349 shares during the last quarter. Yousif Capital Management LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $5,614,000. Finally, State of Alaska Department of Revenue purchased a new stake in Floor & Decor during the fourth quarter worth approximately $1,284,000.

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.