Floor & Decor (NYSE:FND) Price Target Cut to $97.50

Floor & Decor (NYSE:FND) had its target price cut by Stifel Nicolaus from $100.00 to $97.50 in a research note published on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

Other research analysts also recently issued research reports about the stock. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday. TD Cowen lowered their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company lowered their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Truist Financial lowered their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Evercore ISI lowered their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.76.

Floor & Decor Price Performance

FND stock opened at $101.81 on Monday. The firm’s 50-day moving average price is $112.13 and its two-hundred day moving average price is $109.01. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 49.18, a PEG ratio of 13.92 and a beta of 1.80. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. Floor & Decor’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.66 earnings per share. As a group, equities analysts predict that Floor & Decor will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chris Bulman Inc purchased a new position in Floor & Decor during the 2nd quarter valued at about $30,000. Blue Trust Inc. grew its position in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares during the last quarter. J.Safra Asset Management Corp grew its position in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 shares during the last quarter. Finally, RiverPark Advisors LLC grew its position in shares of Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after buying an additional 473 shares during the last quarter.

About Floor & Decor

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.