Floor & Decor (NYSE:FND) Receives New Coverage from Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Floor & Decor (NYSE:FND) in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The firm issued a neutral rating and a $45.00 price target on the stock.

Several other equities research analysts also recently commented on FND. Gordon Haskett upgraded shares of Darden Restaurants from an underperform rating to a hold rating in a research note on Thursday, March 21st. UBS Group boosted their target price on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a sell rating in a research note on Wednesday, April 24th. Stephens restated a buy rating and issued a $34.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Co boosted their target price on shares of Twitter from $33.00 to $40.00 and gave the company a market perform rating in a research note on Wednesday, April 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $43.18.

Shares of NYSE:FND opened at $43.69 on Thursday. Floor & Decor has a 52 week low of $23.30 and a 52 week high of $50.91. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23. The firm has a fifty day moving average price of $39.42. The firm has a market cap of $4.29 billion, a P/E ratio of 43.69, a PEG ratio of 1.67 and a beta of 2.13.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The company had revenue of $477.05 million for the quarter, compared to the consensus estimate of $480.17 million. During the same quarter in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. On average, equities research analysts predict that Floor & Decor will post 1.1 earnings per share for the current fiscal year.

In other Floor & Decor news, Director George Vincent West sold 150,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $43.95, for a total transaction of $6,592,500.00. Following the completion of the sale, the director now directly owns 150,000 shares of the company’s stock, valued at approximately $6,592,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Lisa Laube sold 70,000 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now directly owns 111,087 shares of the company’s stock, valued at $5,332,176. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,266,646 shares of company stock worth $54,264,663. 7.00% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. California Public Employees Retirement System acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $1,860,000. BlackRock Inc. increased its holdings in shares of Floor & Decor by 13.4% during the 4th quarter. BlackRock Inc. now owns 2,463,489 shares of the company’s stock worth $63,804,000 after buying an additional 291,235 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Floor & Decor by 38.9% during the 4th quarter. Bank of New York Mellon Corp now owns 219,730 shares of the company’s stock worth $5,691,000 after buying an additional 61,591 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Floor & Decor by 38.5% during the 4th quarter. Citigroup Inc. now owns 4,901 shares of the company’s stock worth $127,000 after buying an additional 1,363 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Floor & Decor by 8.4% during the 4th quarter. Northern Trust Corp now owns 345,560 shares of the company’s stock worth $8,951,000 after buying 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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