Floor & Decor (NYSE:FND) Upgraded by Zacks Research to Hold Rating

Floor & Decor (NYSE:FND) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts have also issued reports on FND. Telsey Advisory Group restated an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research report on Friday, October 31st. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Evercore ISI lowered their price objective on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $75.00 to $80.00 in a report on Wednesday, November 12th. Finally, The Goldman Sachs Group raised Floor & Decor from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $80.00 to $71.00 in a report on Thursday, November 13th. Six investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.95.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $64.95 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. The firm has a market cap of $7.00 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 2.79 and a beta of 1.70. The stock’s fifty day moving average price is $68.47 and its two-hundred day moving average price is $75.72. Floor & Decor has a one year low of $55.11 and a one year high of $115.78.

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

Insider Transactions at Floor & Decor

In related news, President Bradley Paulsen acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was acquired at an average price of $60.27 per share, with a total value of $301,350.00. Following the purchase, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Floor & Decor by 46.0% during the 3rd 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. Capital World Investors increased its holdings in Floor & Decor by 37.2% in the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after purchasing an additional 1,872,892 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Floor & Decor by 32.7% in 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 purchasing an additional 1,686,085 shares during the last quarter. Durable Capital Partners LP bought a new position in Floor & Decor in the second quarter valued at about $106,221,000. Finally, Scopus Asset Management L.P. acquired a new stake in shares of Floor & Decor during the third quarter valued at about $80,234,000.

About Floor & Decor

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.