Floor & Decor (NYSE:FND) Price Target Raised to $80.00

Floor & Decor (NYSE:FND) had its price objective hoisted by TD Cowen from $77.00 to $80.00 in a research note published on Tuesday, Marketbeat reports. The firm currently has a hold rating on the stock.

Several other equities analysts have also issued reports on the stock. Citigroup decreased their price target on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a report on Thursday, October 9th. Piper Sandler upgraded Floor & Decor from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $75.00 to $80.00 in a report on Wednesday, November 12th. Telsey Advisory Group restated an “outperform” rating and issued a $80.00 price target on shares of Floor & Decor in a report on Wednesday, December 17th. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Seven analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average price target of $82.84.

Floor & Decor Trading Up 1.1%

NYSE:FND opened at $75.89 on Tuesday. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 2.93 and a beta of 1.73. Floor & Decor has a 1-year low of $55.11 and a 1-year high of $108.76. The business’s 50-day moving average price is $64.90 and its two-hundred day moving average price is $72.89. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last announced its quarterly 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 return on equity of 9.34% and a net margin of 4.65%.The company 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 business posted $0.48 EPS. Floor & Decor’s revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, equities analysts expect that Floor & Decor will post 2 earnings per share for the current year.

Insider Activity

In other news, President Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $60.27 per share, with a total value of $301,350.00. Following the transaction, the president owned 30,000 shares in the company, valued at $1,808,100. This represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Floor & Decor by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company’s stock worth $27,346,000 after purchasing an additional 30,195 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Floor & Decor by 6.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,379 shares of the company’s stock worth $277,000 after buying an additional 209 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Floor & Decor by 31.5% during the 2nd quarter. UMB Bank n.a. now owns 1,362 shares of the company’s stock worth $103,000 after buying an additional 326 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Floor & Decor in the 2nd quarter valued at about $356,000. Finally, GAMMA Investing LLC grew its holdings in shares of Floor & Decor by 85.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,396 shares of the company’s stock valued at $182,000 after acquiring an additional 1,101 shares in the last quarter.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.