Floor & Decor (FND) Price Target Raised to $55.00 at UBS Group

Floor & Decor (NYSE:FND) had its price target lifted by UBS Group from $44.00 to $55.00 in a research report report published on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on FND. Wells Fargo & Co reaffirmed an outperform rating and issued a $54.00 target price (up previously from $45.00) on shares of Floor & Decor in a research report on Wednesday. Stephens began coverage on Floor & Decor in a research report on Tuesday, April 23rd. They issued a weight rating and a $56.00 target price for the company. Zacks Investment Research downgraded Floor & Decor from a hold rating to a sell rating in a research report on Friday, January 4th. Longbow Research downgraded Floor & Decor from a buy rating to a neutral rating and set a $46.51 target price for the company. in a research report on Monday, April 15th. Finally, Loop Capital downgraded Floor & Decor from a buy rating to a hold rating and set a $43.00 target price for the company. in a research report on Friday, April 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $43.24.

Shares of NYSE FND opened at $47.85 on Wednesday. Floor & Decor has a 1-year low of $23.30 and a 1-year high of $56.31. The company has a quick ratio of 0.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.69 billion, a PE ratio of 49.33, a P/E/G ratio of 1.83 and a beta of 1.69.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 21st. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Floor & Decor had a return on equity of 18.70% and a net margin of 6.80%. The company had revenue of $436.70 million during the quarter, compared to the consensus estimate of $435.66 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that Floor & Decor will post 1.1 EPS for the current fiscal year.

In other Floor & Decor news, Director George Vincent West sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $34.00, for a total transaction of $850,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CMO Lisa Laube sold 70,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $48.00, for a total value of $3,360,000.00. Following the sale, the chief marketing officer now owns 111,087 shares in the company, valued at approximately $5,332,176. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,008,252 shares of company stock worth $264,181,578. Insiders own 7.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. acquired a new stake in Floor & Decor during the fourth quarter valued at approximately $26,000. Cornerstone Advisors Inc. raised its stake in Floor & Decor by 42.2% during the fourth quarter. Cornerstone Advisors Inc. now owns 1,398 shares of the company’s stock valued at $36,000 after buying an additional 415 shares in the last quarter. Captrust Financial Advisors raised its stake in Floor & Decor by 99.4% during the fourth quarter. Captrust Financial Advisors now owns 1,715 shares of the company’s stock valued at $44,000 after buying an additional 855 shares in the last quarter. We Are One Seven LLC acquired a new stake in Floor & Decor during the fourth quarter valued at approximately $51,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Floor & Decor by 62.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,142 shares of the company’s stock valued at $107,000 after buying an additional 1,589 shares in the last quarter.

Floor & Decor Company Profile

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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