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

Floor & Decor (NYSE:FND) had its target price boosted by Mizuho from $98.00 to $100.00 in a research report report published on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on the stock. Melius Research started coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Citigroup decreased their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $104.24.

Floor & Decor Stock Performance

NYSE FND opened at $103.76 on Thursday. The company has a current ratio of 1.16, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67. The stock has a 50-day moving average of $111.62 and a 200 day moving average of $108.78. The stock has a market capitalization of $11.12 billion, a price-to-earnings ratio of 57.64, a PEG ratio of 13.68 and a beta of 1.83.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.61 EPS. Sell-side analysts anticipate that Floor & Decor will post 1.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Vancity Investment Management Ltd lifted its position in shares of Floor & Decor by 1.5% during the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after purchasing an additional 111 shares in the last quarter. King Luther Capital Management Corp increased its stake in Floor & Decor by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after buying an additional 127 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Floor & Decor by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after buying an additional 138 shares in the last quarter. Silver Coast Investments LLC boosted its position in Floor & Decor by 5.1% in the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after buying an additional 150 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock worth $236,000 after acquiring an additional 169 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.