Stifel Nicolaus Cuts Floor & Decor (NYSE:FND) Price Target to $90.00

Floor & Decor (NYSE:FND) had its target price trimmed by Stifel Nicolaus from $92.00 to $90.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on FND. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a research report on Friday, October 31st. TD Cowen decreased their price target on Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a report on Friday, October 31st. Wolfe Research began coverage on shares of Floor & Decor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 price objective on the stock. Piper Sandler upgraded shares of Floor & Decor from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $80.00 in a research report on Wednesday, November 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a research note on Friday, October 31st. Six research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $83.25.

Floor & Decor Trading Up 1.2%

Shares of Floor & Decor stock opened at $61.22 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The company has a market capitalization of $6.60 billion, a P/E ratio of 30.61, a PEG ratio of 2.64 and a beta of 1.75. Floor & Decor has a 1 year low of $55.11 and a 1 year high of $108.76. The company’s fifty day moving average is $64.26 and its two-hundred day moving average is $74.23.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, October 30th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the company earned $0.48 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Analysts forecast that Floor & Decor will post 2 earnings per share for the current year.

Insiders Place Their Bets

In other Floor & Decor news, President Bradley Paulsen bought 5,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its position in Floor & Decor by 46.0% during the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock worth $471,567,000 after buying an additional 2,015,999 shares in the last quarter. Capital World Investors boosted its stake in shares of Floor & Decor by 37.2% during the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after acquiring an additional 1,872,892 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock valued at $550,228,000 after acquiring an additional 1,686,085 shares during the last quarter. Durable Capital Partners LP purchased a new stake in Floor & Decor during the 2nd quarter worth about $106,221,000. Finally, Scopus Asset Management L.P. acquired a new position in Floor & Decor in the 3rd quarter valued at about $80,234,000.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.