Floor & Decor (NYSE:FND) Price Target Raised to $100.00

Floor & Decor (NYSE:FND) had its target price boosted by Stifel Nicolaus from $97.50 to $100.00 in a research report sent to investors on Monday morning, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts also recently issued reports on the company. Robert W. Baird lowered their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. TD Cowen lowered their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Guggenheim lowered their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $104.37.

Floor & Decor Trading Down 7.0 %

NYSE:FND opened at $101.08 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a 1 year low of $77.01 and a 1 year high of $135.67. The company has a market cap of $10.83 billion, a P/E ratio of 56.16, a P/E/G ratio of 14.28 and a beta of 1.83. The stock’s fifty day moving average price is $111.34 and its two-hundred day moving average price is $108.74.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.61 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. As a group, analysts expect that Floor & Decor will post 1.71 EPS for the current year.

Institutional Trading of Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of FND. Capital Research Global Investors lifted its holdings in Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares during the period. XN LP purchased a new stake in Floor & Decor in the second quarter worth about $70,177,000. Lord Abbett & CO. LLC purchased a new stake in Floor & Decor in the first quarter worth about $24,791,000. Natixis Advisors LLC lifted its holdings in Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after buying an additional 173,518 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in Floor & Decor in the second quarter worth about $14,953,000.

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.