Floor & Decor (NYSE:FND) Rating Increased to Neutral at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Floor & Decor (NYSE:FND) from a sell rating to a neutral rating in a report released on Thursday morning, Marketbeat reports. The Goldman Sachs Group currently has $71.00 price objective on the stock, down from their prior price objective of $80.00.

Several other equities research analysts also recently weighed in on FND. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Citigroup lowered their target price on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Guggenheim cut their price target on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $92.00 price objective on shares of Floor & Decor in a report on Friday, October 31st. Finally, UBS Group dropped their price objective on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a research note on Friday, October 31st. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.95.

Floor & Decor Trading Down 2.2%

Shares of NYSE:FND traded down $1.33 during trading on Thursday, reaching $59.90. The company’s stock had a trading volume of 1,437,993 shares, compared to its average volume of 2,161,635. The stock has a market capitalization of $6.46 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 2.75 and a beta of 1.70. Floor & Decor has a 12 month low of $58.01 and a 12 month high of $122.90. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The firm’s 50 day simple moving average is $73.54 and its two-hundred day simple moving average is $76.54.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, research analysts predict that Floor & Decor will post 2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, President Bradley Paulsen bought 5,000 shares of the stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the acquisition, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. This represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Floor & Decor by 3.9% in the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock valued at $818,665,000 after purchasing an additional 380,976 shares during the last quarter. Capital World Investors raised its stake in shares of Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after acquiring an additional 1,872,892 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock valued at $550,228,000 after acquiring an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Floor & Decor by 46.0% in the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after acquiring an additional 2,015,999 shares in the last quarter. Finally, State Street Corp grew its holdings in Floor & Decor by 1.1% in the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock worth $289,527,000 after purchasing an additional 42,636 shares during the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.