Floor & Decor (NYSE:FND) Hits New 12-Month Low – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $82.37 and last traded at $82.67, with a volume of 85753 shares traded. The stock had previously closed at $83.99.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a report on Thursday, January 30th. Finally, Piper Sandler lowered their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.83.

Floor & Decor Price Performance

The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 43.45, a PEG ratio of 19.06 and a beta of 1.95. The stock’s 50-day simple moving average is $96.48 and its 200 day simple moving average is $104.25.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. On average, equities research analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Challenger Wealth Management purchased a new stake in Floor & Decor during the 4th quarter worth approximately $249,000. Forum Financial Management LP purchased a new stake in shares of Floor & Decor during the fourth quarter worth $202,000. Cache Advisors LLC purchased a new stake in shares of Floor & Decor during the fourth quarter worth $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Floor & Decor by 10.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company’s stock valued at $30,871,000 after acquiring an additional 29,480 shares in the last quarter. Finally, Worldly Partners Management LLC boosted its holdings in Floor & Decor by 1.7% in the fourth quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company’s stock valued at $103,427,000 after purchasing an additional 17,780 shares during the period.

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.