Floor & Decor (NYSE:FND) Stock Price Up 4.9% – Should You Buy?

Floor & Decor Holdings, Inc. (NYSE:FND)’s stock price rose 4.9% during trading on Monday . The stock traded as high as $95.73 and last traded at $95.67. Approximately 247,396 shares were traded during trading, a decline of 83% from the average daily volume of 1,480,631 shares. The stock had previously closed at $91.21.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a report on Thursday, January 30th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, February 21st. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. Finally, Piper Sandler decreased their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Floor & Decor has a consensus rating of “Hold” and an average target price of $106.68.

Floor & Decor Trading Up 1.7 %

The business’s 50-day simple moving average is $97.98 and its two-hundred day simple moving average is $105.38. The firm has a market capitalization of $9.96 billion, a price-to-earnings ratio of 48.86, a PEG ratio of 19.06 and a beta of 1.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in shares of Floor & Decor during the third quarter worth $34,000. Huntington National Bank raised its position in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Floor & Decor in the 4th quarter valued at about $35,000. Blue Trust Inc. boosted its stake in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after buying an additional 166 shares during the period. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Floor & Decor during the fourth quarter worth about $49,000.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.