Floor & Decor (NYSE: FND) In a report released on Tuesday, Citigroup researchers estimated their price target from $ 107 to $ 136, according to The Fly. Citigroup’s pricing target indicates upside potential of 22.02% from the company’s previous close.
FND has been the subject of a number of other research reports. Telsey Advisory Group raised its target price for Floor & Decor’s shares from $ 120 to $ 125 and gave the company an “outperform” rating in an analytical report on Thursday, April 29th. Citigroup Inc. With a 3% minimum coupon protected by the data, Russell raised its target price for Floor & Decor from $ 107 to $ 136 and gave the stock a Buy rating in a research article on Tuesday. On Monday March 1, Zacks Investment Research downgraded Floor & Decor’s rating from Buy to Hold. Evercore ISI upgraded Floor & Decor’s stock rating from Permanent to Superior in its research report on Monday 29 March. Finally, Wedbush raised its target price for Floor & Decor from $ 110 to $ 130 and rated the stock a “better than market” in its research report on Friday. Three stock market analysts rated the company “hold” and nineteen “buy”. Floor & Decor has a Buy consensus rating and a consensus target price of $ 102.52.
FND shares on Tuesday fell $ 1.04 to $ 111.46. 10,621 shares were traded by hand, compared to an average of 760,301 shares. Floor & Decor has an annual low of $ 38.34 and an annual high of $ 116.58. The company has a market cap of $ 11.64 billion, a PE ratio of 67.96, a P / E / G ratio of 2.13, and a beta of 1.90. The company has a 50-day simple moving average of $ 104.29 and a 200-day simple moving average of $ 94.40. The company has a debt to equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 1.57.
Floor & Decor (NYSE: FND) last released its financial results on Thursday, February 25th. The company reported earnings per share of $ 0.47 for the quarter, up $ 0.03 more than the Thomson Reuters consensus of $ 0.44. The company’s revenue for the quarter was $ 723.65 million, while analysts expected $ 694.71 million. Floor & Decor had a net margin of 7.77% and a return on equity of 16.23%. On average, stock market analysts expect Floor & Decor to generate 1.46 earnings per share this year.
In other news, President Lisa Laube sold 26,000 shares in a deal that took place on Tuesday March 2nd. The shares were sold at an average price of US $ 96 for a total transaction amount of US $ 2,496,000. Following the deal, the president now directly owns 126,839 shares in the company for $ 12,176,544. The deal was disclosed in legal filings with the SEC, which is available on the SEC’s website. In addition, Executive Vice President Brian K. Robbins sold 2,585 shares of Floor & Decor in a deal that took place on Wednesday, February 24th. The shares were sold at an average price of US $ 97.44 for a total deal value of US $ 251,882.40. Following the deal, the executive vice president now directly owns 30,487 shares of the company for $ 2,970,653.28. Disclosures about this sale can be found here. Over the past ninety days, insiders have sold 412,871 shares of the company for $ 42,192,935. 5.20% of the shares are currently held by corporate insiders.
A number of hedge funds and other institutional investors have recently changed their positions in the business. Alliancebernstein LP increased its position in Floor & Decor shares by 5.6% in the 4th quarter. Alliancebernstein LP now owns 2,144,378 shares in the company for $ 199,105,000 after acquiring an additional 113,077 shares in the last quarter. Two Creeks Capital Management LP increased its position in Floor & Decor shares by 7.3% in the fourth quarter. Two Creeks Capital Management LP now owns 1,956,987 shares in the company, valued at $ 181,706,000, following the purchase of an additional 132,679 shares in the last quarter. Federated Hermes Inc. Increased its stake in Floor & Decor shares by 18.9% in the 4th quarter. Federated Hermes Inc. now owns 1,533,219 shares in the company for $ 142,360,000 after purchasing an additional 243,769 shares in the last quarter. Frontier Capital Management Co. LLC increased its position in Floor & Decor shares by 20.4% in the 4th quarter. Frontier Capital Management Co. The LLC now owns 1,489,983 shares in the company for $ 138,345,000 following the purchase of an additional 252,746 shares in the last quarter. Finally, in the 4th quarter, Congress Asset Management Co. MA acquired a new stake in Floor & Decor for approximately $ 113,887,000. 96.26% of the shares are currently held by institutional investors and hedge funds.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multichannel specialized retailer of hard flooring and related accessories. The company’s stores offer floor coverings made of tiles, wood, laminate, vinyl and natural stone, as well as decorative and installation accessories. It caters for professional installers, businesses and DIY customers.
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