Floor & Decor (NYSE:FND) Upgraded at Gordon Haskett

Gordon Haskett upgraded shares of Floor & Decor (NYSE:FND) from a hold rating to a buy rating in a research report sent to investors on Friday, Marketbeat Ratings reports. The brokerage currently has $120.00 target price on the stock.

FND has been the topic of a number of other research reports. Mizuho raised their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Piper Sandler cut their target price on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Telsey Advisory Group raised shares of Floor & Decor from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $95.00 to $115.00 in a report on Friday, February 14th. Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Stifel Nicolaus raised their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.16.

Floor & Decor Trading Up 1.5 %

Shares of Floor & Decor stock opened at $94.25 on Friday. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm has a market cap of $10.11 billion, a PE ratio of 49.61, a P/E/G ratio of 19.06 and a beta of 1.83. The business’s fifty day moving average is $99.62 and its two-hundred day moving average is $106.06. 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 announced its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its position in Floor & Decor by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc raised its position in Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after buying an additional 110 shares during the last quarter. Advisory Research Inc. raised its position in Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after buying an additional 115 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Floor & Decor by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after purchasing an additional 122 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.