Floor & Decor (NYSE:FND) Sets New 52-Week Low – Should You Sell?

Floor & Decor Holdings, Inc. (NYSE:FND) shares reached a new 52-week low during trading on Friday . The stock traded as low as $80.25 and last traded at $80.44, with a volume of 1488241 shares. The stock had previously closed at $83.43.

Analysts Set New Price Targets

FND has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a report on Thursday, January 30th. Finally, Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and an average price target of $104.11.

Floor & Decor Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 42.34, a P/E/G ratio of 19.06 and a beta of 1.95. The firm has a fifty day simple moving average of $94.33 and a two-hundred day simple moving average of $102.92.

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 analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

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

Floor & Decor Company Profile

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.