Floor & Decor (NYSE:FND) Shares Gap Up to $83.15

Shares of Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) gapped up prior to trading on Monday . The stock had previously closed at $83.15, but opened at $85.82. Floor & Decor shares last traded at $80.28, with a volume of 4,031 shares trading hands.

Several research analysts have commented on the stock. Morgan Stanley lowered their price target on shares of Floor & Decor from $130.00 to $120.00 and set an “equal weight” rating for the company in a report on Tuesday, January 18th. Zacks Investment Research upgraded shares of Floor & Decor from a “sell” rating to a “hold” rating in a report on Thursday, January 20th. Jefferies Financial Group lowered their price target on shares of Floor & Decor from $150.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, March 17th. Wells Fargo & Company lowered their price target on shares of Floor & Decor from $130.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, April 7th. Finally, Telsey Advisory Group lowered their price target on shares of Floor & Decor from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Friday, February 18th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $129.93.

The firm’s 50-day moving average is $93.50 and its 200 day moving average is $112.78. The stock has a market cap of $8.38 billion, a PE ratio of 31.62, a P/E/G ratio of 1.12 and a beta of 1.87. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 1.23.

Floor & Decor (NYSE:FNDGet Rating) last released its quarterly earnings results on Thursday, February 24th. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). Floor & Decor had a net margin of 8.25% and a return on equity of 21.65%. The business had revenue of $914.30 million during the quarter, compared to analysts’ expectations of $911.34 million. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. On average, sell-side analysts predict that Floor & Decor Holdings, Inc. will post 2.92 EPS for the current fiscal year.

In related news, Director William T. Giles purchased 2,000 shares of the stock in a transaction dated Tuesday, March 1st. The shares were acquired at an average cost of $96.00 per share, with a total value of $192,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Clearstead Advisors LLC acquired a new position in shares of Floor & Decor during the 3rd quarter worth $26,000. Quadrant Capital Group LLC raised its position in shares of Floor & Decor by 163.6% during the 4th quarter. Quadrant Capital Group LLC now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares during the last quarter. Confluence Wealth Services Inc. acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $30,000. Ahrens Investment Partners LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $39,000. Finally, Manchester Capital Management LLC acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $42,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Floor & Decor Company Profile (NYSE:FND)

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor 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.

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