Floor & Decor (NYSE:FND) Shares Up 5.7% on Analyst Upgrade

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) traded up 5.7% during trading on Monday after Stifel Nicolaus raised their price target on the stock from $97.50 to $100.00. Stifel Nicolaus currently has a hold rating on the stock. Floor & Decor traded as high as $109.83 and last traded at $109.66. 281,184 shares traded hands during trading, a decline of 80% from the average session volume of 1,423,332 shares. The stock had previously closed at $103.76.

Several other equities research analysts have also commented on the stock. TD Cowen dropped their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Thursday, October 31st. Citigroup reduced their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Mizuho increased their target price on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Melius Research started coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $104.37.

Institutional Trading of Floor & Decor

Institutional investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the period. Chris Bulman Inc purchased a new position in Floor & Decor during the second quarter valued at $30,000. J.Safra Asset Management Corp increased its holdings in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares during the last quarter. GAMMA Investing LLC lifted its stake in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Floor & Decor by 37.8% during the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares during the last quarter.

Floor & Decor Trading Up 5.5 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.27. The stock has a 50-day moving average price of $111.62 and a two-hundred day moving average price of $108.79. The stock has a market cap of $11.73 billion, a PE ratio of 60.83, a price-to-earnings-growth ratio of 13.68 and a beta of 1.83.

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

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.