Floor & Decor (NYSE:FND) Given New $110.00 Price Target at JPMorgan Chase & Co.

Floor & Decor (NYSE:FND) had its price objective increased by JPMorgan Chase & Co. from $103.00 to $110.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Piper Sandler cut their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Stifel Nicolaus lifted their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. The Goldman Sachs Group downgraded 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, Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $105.67.

Floor & Decor Price Performance

Shares of NYSE FND opened at $98.96 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $102.22 and its 200-day moving average price is $106.08. The firm has a market capitalization of $10.61 billion, a P/E ratio of 54.98, a P/E/G ratio of 11.51 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67.

Institutional Trading of Floor & Decor

A number of hedge funds have recently bought and sold shares of FND. FMR LLC increased its position in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the last quarter. Fisher Funds Management LTD bought a new position in Floor & Decor during the fourth quarter valued at about $128,797,000. Principal Financial Group Inc. increased its holdings in Floor & Decor by 172.0% during the fourth quarter. Principal Financial Group Inc. now owns 1,464,763 shares of the company’s stock worth $146,037,000 after buying an additional 926,208 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Floor & Decor during the 4th quarter worth approximately $54,640,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after buying an additional 333,338 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.