Piper Sandler Issues Pessimistic Forecast for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its price objective decreased by analysts at Piper Sandler from $103.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential upside of 6.85% from the company’s current price.

FND has been the topic of several other reports. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $110.00 in a report on Monday, February 24th. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $104.11.

Floor & Decor Trading Up 0.3 %

Shares of FND stock opened at $84.23 on Monday. Floor & Decor has a 12-month low of $80.82 and a 12-month high of $131.85. The company has a market capitalization of $9.05 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The firm has a 50 day moving average price of $95.76 and a two-hundred day moving average price of $103.71. 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 released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. As a group, analysts predict that Floor & Decor will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds have recently made changes to their positions in FND. Massachusetts Financial Services Co. MA lifted its stake in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after purchasing an additional 333,338 shares during the last quarter. Conway Capital Management Inc. acquired a new position in shares of Floor & Decor during the third quarter worth $1,090,000. Sanctuary Advisors LLC lifted its stake in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after acquiring an additional 180 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock valued at $85,745,000 after acquiring an additional 30,496 shares in the last quarter. Finally, Citigroup Inc. grew its position in Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after acquiring an additional 16,569 shares during the last quarter.

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.