Floor & Decor (NYSE:FND) Rating Increased to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Floor & Decor (NYSE:FND) from a hold rating to a buy rating in a research report report published on Monday morning, Marketbeat Ratings reports. They currently have $110.00 price target on the stock, up from their previous price target of $100.00.

FND has been the subject of several other 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 note on Monday, February 10th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. Piper Sandler cut their price objective on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Finally, Mizuho upped 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. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average price target of $106.68.

Floor & Decor Stock Performance

Shares of FND opened at $97.61 on Monday. The business’s fifty day moving average price is $99.42 and its 200 day moving average price is $106.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a 12-month low of $89.06 and a 12-month high of $135.67. The stock has a market capitalization of $10.47 billion, a PE ratio of 51.37, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83.

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, 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 for the quarter, compared to the consensus estimate of $1.08 billion. Equities research analysts forecast that Floor & Decor will post 2 EPS for the current year.

Institutional Trading of Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of FND. Blue Trust Inc. increased its position 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 buying an additional 196 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $208,000. International Assets Investment Management LLC increased its holdings in Floor & Decor by 63,243.2% in the 3rd quarter. International Assets Investment Management LLC now owns 93,748 shares of the company’s stock valued at $11,641,000 after buying an additional 93,600 shares during the period. PFG Investments LLC bought a new stake in Floor & Decor in the third quarter valued at about $1,251,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Floor & Decor by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,400 shares of the company’s stock valued at $1,539,000 after purchasing an additional 840 shares during the period.

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.