Goldman Sachs Group Initiates Coverage on Floor & Decor (NYSE:FND)
Investment analysts at Goldman Sachs Group began coverage on shares of Floor & Decor (NYSE:FND) in a report released on Thursday, MarketBeat reports. The firm set a “neutral” rating and a $45.00 price target on the stock. Goldman Sachs Group’s target price indicates a potential upside of 3.00% from the stock’s current price.
Other equities analysts have also issued reports about the stock. UBS Group increased their price objective on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Wedbush reissued an “outperform” rating on shares of Alphabet in a research report on Thursday, April 25th. 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 research report on Wednesday, April 24th. Longbow Research reissued a “buy” rating and set a $110.00 price target on shares of Visteon in a research report on Monday, April 15th. Finally, Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $43.18.
NYSE:FND opened at $43.69 on Thursday. Floor & Decor has a fifty-two week low of $23.30 and a fifty-two week high of $50.91. The company has a market cap of $4.16 billion, a PE ratio of 42.38, a P/E/G ratio of 1.62 and a beta of 2.13. The company has a quick ratio of 0.23, a current ratio of 1.32 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $39.42.
In related news, Director George Vincent West sold 15,077 shares of Floor & Decor stock in a transaction on Friday, June 28th. The shares were sold at an average price of $42.03, for a total value of $633,686.31. Following the sale, the director now owns 15,077 shares of the company’s stock, valued at approximately $633,686.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Lisa Laube sold 70,000 shares of Floor & Decor stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $48.00, for a total transaction of $3,360,000.00. Following the completion of the sale, the chief marketing officer now directly owns 111,087 shares in the company, valued at approximately $5,332,176. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,266,646 shares of company stock valued at $54,264,663. Insiders own 7.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FND. Zions Bancorporation N.A. acquired a new stake in Floor & Decor in the 1st quarter valued at $32,000. Captrust Financial Advisors grew its stake 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 acquiring an additional 855 shares during the period. Stephens Inc. AR acquired a new stake in Floor & Decor in the 1st quarter valued at $86,000. Neuburgh Advisers LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $121,000. Finally, Citigroup Inc. grew its stake in Floor & Decor by 38.5% in the 4th quarter. Citigroup Inc. now owns 4,901 shares of the company’s stock valued at $127,000 after acquiring an additional 1,363 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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