Goldman Sachs Group started coverage on shares of Floor & Decor (NYSE:FND) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “neutral” rating and a $45.00 price target on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 3.00% from the stock’s current price.

Other equities analysts also recently issued reports about the company. Stephens reissued a “buy” rating and set a $34.00 price objective on shares of Guaranty Bancshares in a research report on Tuesday, April 23rd. Gordon Haskett raised Darden Restaurants from an “underperform” rating to a “hold” rating in a research report on Thursday, March 21st. Longbow Research reaffirmed a “buy” rating and issued a $110.00 price target on shares of Visteon in a report on Monday, April 15th. Wedbush reaffirmed an “outperform” rating on shares of Alphabet in a report on Thursday, April 25th. Finally, Wells Fargo & Co upped their price target on Twitter from $33.00 to $40.00 and gave the company a “market perform” rating in a report on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $43.18.

Shares of Floor & Decor stock opened at $43.69 on Thursday. Floor & Decor has a one year low of $23.30 and a one year high of $50.91. The firm has a market capitalization of $4.16 billion, a P/E ratio of 42.38, a PEG ratio of 1.62 and a beta of 2.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.23 and a current ratio of 1.32. The stock’s 50-day moving average is $39.42.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.01. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The business had revenue of $477.05 million during the quarter, compared to the consensus estimate of $480.17 million. During the same period in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts forecast that Floor & Decor will post 1.1 EPS for the current year.

In other news, CMO Lisa Laube sold 70,000 shares of the stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $48.00, for a total value of $3,360,000.00. Following the completion of the sale, the chief marketing officer now directly owns 111,087 shares of the company’s stock, valued at $5,332,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George Vincent West sold 371,597 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $42.39, for a total value of $15,751,996.83. Following the completion of the sale, the director now directly owns 15,077 shares of the company’s stock, valued at $639,114.03. The disclosure for this sale can be found here. Insiders sold 1,266,646 shares of company stock valued at $54,264,663 over the last ninety days. 7.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System purchased a new position in Floor & Decor in the 4th quarter worth $1,860,000. BlackRock Inc. raised its position in Floor & Decor by 13.4% in the 4th quarter. BlackRock Inc. now owns 2,463,489 shares of the company’s stock worth $63,804,000 after purchasing an additional 291,235 shares during the period. Bank of New York Mellon Corp raised its position in Floor & Decor by 38.9% in the 4th quarter. Bank of New York Mellon Corp now owns 219,730 shares of the company’s stock worth $5,691,000 after purchasing an additional 61,591 shares during the period. Citigroup Inc. grew its holdings in Floor & Decor by 38.5% in the 4th quarter. Citigroup Inc. now owns 4,901 shares of the company’s stock worth $127,000 after acquiring an additional 1,363 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Floor & Decor by 8.4% in the 4th quarter. Northern Trust Corp now owns 345,560 shares of the company’s stock worth $8,951,000 after acquiring an additional 26,696 shares during 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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