Floor & Decor (NYSE:FND) Given New $90.00 Price Target at Piper Sandler

Floor & Decor (NYSE:FND) had its price target lowered by Piper Sandler from $103.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on FND. Gordon Haskett raised shares of 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. JPMorgan Chase & Co. upped their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and lifted their target price for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $104.11.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $85.58 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $9.19 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The firm’s 50 day moving average price is $95.54 and its 200-day moving average price is $103.57. Floor & Decor has a twelve month low of $80.82 and a twelve month high of $131.85.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Equities research analysts expect that Floor & Decor will post 2 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

Institutional investors have recently modified their holdings of the stock. Challenger Wealth Management bought a new stake in Floor & Decor in the fourth quarter worth $249,000. Forum Financial Management LP purchased a new position in shares of Floor & Decor during the fourth quarter valued at approximately $202,000. Cache Advisors LLC purchased a new stake in shares of Floor & Decor in the fourth quarter worth approximately $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Floor & Decor by 10.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company’s stock valued at $30,871,000 after acquiring an additional 29,480 shares during the period. Finally, Worldly Partners Management LLC grew its position in Floor & Decor by 1.7% in the 4th quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company’s stock valued at $103,427,000 after acquiring an additional 17,780 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.