Floor & Decor (NYSE:FND) PT Raised to $85.00 at UBS Group

Floor & Decor (NYSE:FND) had its target price increased by stock analysts at UBS Group from $65.00 to $85.00 in a report issued on Friday, The Fly reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 28.98% from the company’s current price.

Other equities analysts have also recently issued reports about the company. TheStreet upgraded Floor & Decor from a “c+” rating to a “b-” rating in a research note on Thursday, June 4th. Zacks Investment Research upgraded Floor & Decor from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd. Morgan Stanley dropped their price objective on Floor & Decor from $42.00 to $28.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 2nd. Piper Sandler dropped their price objective on Floor & Decor from $58.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 29th. Finally, Raymond James cut Floor & Decor from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $70.00 to $41.00 in a research note on Tuesday, April 28th. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Floor & Decor currently has a consensus rating of “Buy” and an average price target of $59.74.

NYSE FND traded down $4.09 during mid-day trading on Friday, hitting $65.90. The company’s stock had a trading volume of 1,955,182 shares, compared to its average volume of 958,002. The company’s 50 day simple moving average is $58.89 and its 200 day simple moving average is $48.17. Floor & Decor has a twelve month low of $24.36 and a twelve month high of $71.72. The company has a current ratio of 1.88, a quick ratio of 0.71 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 47.75, a PEG ratio of 3.63 and a beta of 2.08.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.04. Floor & Decor had a net margin of 7.04% and a return on equity of 13.68%. The business had revenue of $462.35 million during the quarter, compared to the consensus estimate of $414.31 million. As a group, research analysts forecast that Floor & Decor will post 0.85 EPS for the current year.

In related news, President Lisa Laube sold 1,238 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $54.00, for a total value of $66,852.00. Following the sale, the president now directly owns 125,535 shares in the company, valued at approximately $6,778,890. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Norman Axelrod sold 34,000 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $70.00, for a total value of $2,380,000.00. Following the completion of the sale, the director now owns 40,862 shares in the company, valued at $2,860,340. The disclosure for this sale can be found here. Insiders sold a total of 7,219,399 shares of company stock worth $319,949,005 over the last 90 days. 5.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of FND. Alliancebernstein L.P. grew its holdings in Floor & Decor by 5,279.6% during the 1st quarter. Alliancebernstein L.P. now owns 1,656,177 shares of the company’s stock valued at $53,147,000 after buying an additional 1,625,391 shares in the last quarter. Franklin Resources Inc. grew its holdings in Floor & Decor by 240.3% during the 4th quarter. Franklin Resources Inc. now owns 1,368,169 shares of the company’s stock valued at $69,517,000 after buying an additional 966,169 shares in the last quarter. BlackRock Inc. grew its holdings in Floor & Decor by 30.2% during the 1st quarter. BlackRock Inc. now owns 4,134,576 shares of the company’s stock valued at $132,678,000 after buying an additional 959,300 shares in the last quarter. Norges Bank purchased a new position in Floor & Decor during the 4th quarter valued at about $33,635,000. Finally, Scout Investments Inc. grew its holdings in Floor & Decor by 216.3% during the 1st quarter. Scout Investments Inc. now owns 823,272 shares of the company’s stock valued at $26,419,000 after buying an additional 562,988 shares in the last quarter.

About Floor & Decor

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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Analyst Recommendations for Floor & Decor (NYSE:FND)

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