Zacks Investment Research downgraded shares of Floor & Decor (NYSE:FND) from a hold rating to a sell rating in a report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “

A number of other brokerages also recently issued reports on FND. Wells Fargo & Co raised their price target on shares of Twitter from $33.00 to $40.00 and gave the stock a market perform rating in a report on Wednesday, April 24th. Evercore ISI assumed coverage on shares of Polarityte in a report on Wednesday, March 20th. They set an outperform rating and a $26.00 price target for the company. Wedbush restated an outperform rating on shares of Alphabet in a report on Thursday, April 25th. Longbow Research reiterated a buy rating and issued a $110.00 target price on shares of Visteon in a report on Monday, April 15th. Finally, Stephens reiterated a buy rating and issued a $34.00 target price on shares of Guaranty Bancshares in a report on Tuesday, April 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $43.18.

Shares of NYSE FND opened at $43.69 on Tuesday. The business’s 50 day moving average price is $39.42. The firm has a market cap of $4.23 billion, a P/E ratio of 45.04, a P/E/G ratio of 1.65 and a beta of 2.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23. Floor & Decor has a 1 year low of $23.30 and a 1 year high of $50.91.

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

In other Floor & Decor news, CFO Trevor Lang sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $38.88, for a total value of $1,555,200.00. Following the completion of the transaction, the chief financial officer now owns 178,669 shares of the company’s stock, valued at approximately $6,946,650.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George Vincent West sold 15,077 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $42.03, for a total transaction of $633,686.31. Following the completion of the transaction, the director now directly owns 15,077 shares of the company’s stock, valued at approximately $633,686.31. The disclosure for this sale can be found here. Insiders sold a total of 1,266,646 shares of company stock valued at $54,264,663 in the last quarter. 7.00% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the business. Zions Bancorporation N.A. purchased a new position in Floor & Decor in the 1st quarter valued at approximately $32,000. Captrust Financial Advisors boosted its position in Floor & Decor by 99.4% in the 4th quarter. Captrust Financial Advisors now owns 1,715 shares of the company’s stock valued at $44,000 after buying an additional 855 shares during the period. Stephens Inc. AR purchased a new position in Floor & Decor in the 1st quarter valued at approximately $86,000. BNP Paribas Arbitrage SA boosted its position in Floor & Decor by 41.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,563 shares of the company’s stock valued at $147,000 after buying an additional 1,044 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its position in Floor & Decor by 18.3% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock valued at $181,000 after buying an additional 680 shares during the period.

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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