Floor & Decor (NYSE:FND) Price Target Increased to $100.00 by Analysts at Stifel Nicolaus

Floor & Decor (NYSE:FND) had its target price increased by Stifel Nicolaus from $85.00 to $100.00 in a report released on Friday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

FND has been the topic of a number of other research reports. Wedbush reaffirmed an outperform rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, August 2nd. UBS Group decreased their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a report on Friday, May 3rd. Citigroup dropped their target price on shares of Floor & Decor from $109.00 to $104.00 and set a neutral rating on the stock in a report on Friday, July 19th. Wells Fargo & Company decreased their price target on shares of Floor & Decor from $125.00 to $95.00 and set an equal weight rating for the company in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a neutral rating on the stock in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $103.84.

Floor & Decor Stock Up 1.6 %

FND stock opened at $112.44 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $99.73 and a 200-day simple moving average of $111.48. The company has a market capitalization of $12.05 billion, a P/E ratio of 54.32, a PEG ratio of 2.31 and a beta of 1.74. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. On average, equities research analysts predict that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Insider Activity

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares in the company, valued at $21,048,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently bought and sold shares of the business. Polen Capital Management LLC grew its stake in shares of Floor & Decor by 59,133.5% in the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after purchasing an additional 25,141,795 shares during the last quarter. Capital World Investors grew its position in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after buying an additional 627,256 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after acquiring an additional 1,334,650 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN boosted its stake in shares of Floor & Decor by 1.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after acquiring an additional 16,125 shares in the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.