Piper Sandler Boosts Floor & Decor (NYSE:FND) Price Target to $119.00

Floor & Decor (NYSE:FND) had its price objective raised by stock analysts at Piper Sandler from $95.00 to $119.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target suggests a potential downside of 1.90% from the stock’s previous close.

Several other brokerages have also issued reports on FND. TD Cowen reduced their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Melius Research assumed coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Telsey Advisory Group cut their price objective on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Finally, Stifel Nicolaus raised their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $103.85.

Floor & Decor Stock Performance

Shares of NYSE:FND opened at $121.31 on Monday. The business has a fifty day moving average of $107.22 and a 200-day moving average of $110.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67. The firm has a market cap of $12.98 billion, a PE ratio of 58.59, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79.

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

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Riverview Trust Co bought a new stake in shares of Floor & Decor during the first quarter worth approximately $26,000. Chris Bulman Inc acquired a new stake in shares of Floor & Decor during the second quarter worth $30,000. Rise Advisors LLC bought a new stake in shares of Floor & Decor in the first quarter valued at about $39,000. J.Safra Asset Management Corp grew its stake in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in 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 purchasing an additional 189 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.