Floor & Decor Holdings Inc (NYSE:FND) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $35.42 and last traded at $35.20, with a volume of 33516 shares traded. The stock had previously closed at $36.71.
Several equities research analysts have issued reports on the stock. TheStreet downgraded shares of Floor & Decor from a “c-” rating to a “d+” rating in a research note on Friday, August 31st. Longbow Research assumed coverage on shares of Floor & Decor in a research note on Friday, August 24th. They set a “buy” rating and a $50.00 price objective for the company. William Blair reiterated an “outperform” rating on shares of Floor & Decor in a research note on Thursday, August 23rd. Jefferies Financial Group upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, August 21st. Finally, Wells Fargo & Co upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $42.00 to $40.00 in a research note on Friday, August 10th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.44.
The company has a market cap of $3.56 billion, a price-to-earnings ratio of 50.70, a price-to-earnings-growth ratio of 1.52 and a beta of -1.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.21 and a current ratio of 1.50.
Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, August 2nd. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $434.28 million during the quarter, compared to the consensus estimate of $436.17 million. Floor & Decor had a net margin of 9.10% and a return on equity of 19.93%. The business’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. analysts forecast that Floor & Decor Holdings Inc will post 0.96 EPS for the current fiscal year.
In other Floor & Decor news, EVP Brian K. Robbins sold 17,044 shares of the stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $50.00, for a total transaction of $852,200.00. Following the transaction, the executive vice president now directly owns 10,343 shares in the company, valued at approximately $517,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Thomas V. Taylor sold 36,525 shares of the stock in a transaction on Monday, June 18th. The shares were sold at an average price of $55.03, for a total transaction of $2,009,970.75. Following the transaction, the chief executive officer now owns 59,673 shares in the company, valued at $3,283,805.19. The disclosure for this sale can be found here. Insiders have sold a total of 353,569 shares of company stock worth $19,195,371 over the last quarter. 8.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of FND. Wells Fargo & Company MN boosted its stake in Floor & Decor by 20.8% during the 1st quarter. Wells Fargo & Company MN now owns 133,624 shares of the company’s stock valued at $6,964,000 after acquiring an additional 22,966 shares during the last quarter. Rhumbline Advisers boosted its stake in Floor & Decor by 42.2% during the 1st quarter. Rhumbline Advisers now owns 28,001 shares of the company’s stock valued at $1,459,000 after acquiring an additional 8,315 shares during the last quarter. Alps Advisors Inc. bought a new position in Floor & Decor during the 1st quarter valued at $540,000. American Century Companies Inc. boosted its stake in Floor & Decor by 20.1% during the 1st quarter. American Century Companies Inc. now owns 131,198 shares of the company’s stock valued at $6,838,000 after acquiring an additional 22,001 shares during the last quarter. Finally, Victory Capital Management Inc. bought a new position in Floor & Decor during the 1st quarter valued at $14,305,000.
About Floor & Decor (NYSE:FND)
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, 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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