Floor & Decor (NYSE:FND) PT Lowered to $118.00

Floor & Decor (NYSE:FND) had its price target cut by investment analysts at Piper Sandler from $119.00 to $118.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 17.93% from the company’s current price.

Other analysts also recently issued reports about the stock. Stifel Nicolaus lifted their price objective on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. TD Cowen lowered their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Citigroup lowered 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. Wells Fargo & Company lowered their price target on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.76.

Floor & Decor Stock Down 1.7 %

FND opened at $100.06 on Monday. The company has a fifty day moving average price of $112.00 and a 200-day moving average price of $108.92. The firm has a market capitalization of $10.71 billion, a P/E ratio of 48.34, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. Floor & Decor has a one year low of $76.30 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.66 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of FND. Wealth Enhancement Advisory Services LLC increased its position in shares of Floor & Decor by 5.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,066 shares of the company’s stock valued at $1,046,000 after buying an additional 404 shares during the period. State of Michigan Retirement System grew its holdings in Floor & Decor by 2.3% in the first quarter. State of Michigan Retirement System now owns 26,200 shares of the company’s stock worth $3,396,000 after purchasing an additional 600 shares during the period. Norden Group LLC purchased a new stake in Floor & Decor in the first quarter worth about $452,000. HB Wealth Management LLC purchased a new stake in Floor & Decor in the first quarter worth about $202,000. Finally, Retirement Systems of Alabama grew its holdings in Floor & Decor by 0.3% in the first quarter. Retirement Systems of Alabama now owns 133,825 shares of the company’s stock worth $17,346,000 after purchasing an additional 351 shares during the period.

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.