Floor & Decor (NYSE:FND) Given New $90.00 Price Target at Stifel Nicolaus

by · The Cerbat Gem

Floor & Decor (NYSE:FND – Get Free Report) had its price objective cut by equities research analysts at Stifel Nicolaus from $92.00 to $90.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 47.44% from the stock’s current price.

FND has been the subject of a number of other reports. Evercore ISI decreased their target price on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and increased their target price for the company from $75.00 to $80.00 in a report on Wednesday, November 12th. The Goldman Sachs Group upgraded shares of Floor & Decor from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $80.00 to $71.00 in a research note on Thursday, November 13th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a report on Friday, October 31st. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $83.85.

View Our Latest Analysis on FND

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded down $1.18 during trading on Tuesday, hitting $61.04. 1,105,693 shares of the company’s stock traded hands, compared to its average volume of 2,178,890. Floor & Decor has a 1 year low of $55.11 and a 1 year high of $110.76. The business has a 50-day simple moving average of $64.79 and a 200-day simple moving average of $74.49. The stock has a market capitalization of $6.58 billion, a P/E ratio of 30.47, a PEG ratio of 2.66 and a beta of 1.75. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34.

Floor & Decor (NYSE:FND – Get Free Report) last posted its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter 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. As a group, analysts forecast that Floor & Decor will post 2 EPS for the current year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of $60.27 per share, with a total value of $301,350.00. Following the completion of the purchase, the president directly owned 30,000 shares in the company, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Floor & Decor

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of Floor & Decor in the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after purchasing an additional 247 shares during the period. State of Wyoming bought a new stake in shares of Floor & Decor in the 2nd quarter valued at approximately $46,000. Steph & Co. purchased a new position in shares of Floor & Decor in the 3rd quarter worth approximately $48,000. Finally, Mather Group LLC. purchased a new stake in Floor & Decor during the 3rd quarter valued at $49,000.

About Floor & Decor

(Get Free Report)

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.

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