News coverage about Floor & Decor (NYSE:FND) has been trending somewhat positive on Thursday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Floor & Decor earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.9563537889322 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern’s analysis:
Floor & Decor stock traded up $0.21 during mid-day trading on Thursday, hitting $54.23. The stock had a trading volume of 479,234 shares, compared to its average volume of 750,730. The company has a market capitalization of $5,332.27 and a P/E ratio of 78.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.21 and a current ratio of 1.40. Floor & Decor has a one year low of $29.37 and a one year high of $58.28.
Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, March 1st. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. Floor & Decor had a net margin of 7.42% and a return on equity of 21.26%. The company had revenue of $389.50 million during the quarter, compared to the consensus estimate of $388.63 million. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. analysts forecast that Floor & Decor will post 0.99 EPS for the current year.
FND has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Floor & Decor in a research report on Thursday, March 1st. Wells Fargo reiterated a “hold” rating and set a $47.00 target price on shares of Floor & Decor in a report on Thursday, March 1st. Piper Jaffray reiterated a “hold” rating and set a $50.00 target price on shares of Floor & Decor in a report on Tuesday, January 9th. BMO Capital Markets decreased their price objective on shares of Floor & Decor from $54.00 to $50.00 and set a “hold” rating for the company in a report on Friday, March 2nd. Finally, Zacks Investment Research lowered shares of Floor & Decor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 6th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Floor & Decor presently has an average rating of “Hold” and a consensus target price of $46.65.
In related news, Director Peter Starrett sold 45,000 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $49.31, for a total value of $2,218,950.00. Following the sale, the director now directly owns 34,995 shares of the company’s stock, valued at approximately $1,725,603.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian K. Robbins sold 3,600 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $50.00, for a total transaction of $180,000.00. Following the completion of the sale, the executive vice president now directly owns 7,160 shares in the company, valued at $358,000. The disclosure for this sale can be found here. Insiders have sold a total of 717,306 shares of company stock valued at $38,041,870 in the last three months. Insiders own 8.20% of the company’s stock.
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Floor & Decor Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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