Floor & Decor’s (FND) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research report released on Friday morning,Benzinga reports. They currently have a $115.00 target price on the stock. Telsey Advisory Group also issued estimates for Floor & Decor’s Q1 2025 earnings at $0.48 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $2.06 EPS and FY2026 earnings at $2.68 EPS.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. increased their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday. Stifel Nicolaus boosted their price objective 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. Wells Fargo & Company upped their price objective 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, 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 research note on Tuesday, February 18th. Two 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. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $106.16.

Floor & Decor Stock Up 1.5 %

Shares of NYSE FND opened at $94.25 on Friday. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 19.06 and a beta of 1.83. 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 firm’s fifty day moving average is $99.62 and its 200 day moving average is $106.06. Floor & Decor has a 52 week low of $89.06 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last released 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. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. On average, equities research analysts expect that Floor & Decor will post 2 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

Several large investors have recently modified their holdings of the stock. Capital Research Global Investors increased its stake in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock valued at $1,327,653,000 after purchasing an additional 5,784,573 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock valued at $132,329,000 after acquiring an additional 1,316,484 shares in the last quarter. FMR LLC increased its position in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD purchased a new position in Floor & Decor in the 4th quarter worth approximately $128,797,000. Finally, Marshall Wace LLP bought a new position in Floor & Decor in the 4th quarter valued at approximately $109,574,000.

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.