Floor & Decor (NYSE:FND) Price Target Lowered to $90.00 at Evercore ISI

Floor & Decor (NYSE:FND) had its target price cut by Evercore ISI from $95.00 to $90.00 in a report published on Tuesday,Benzinga reports. They currently have an in-line rating on the stock.

FND has been the topic of several other reports. Piper Sandler dropped their target price on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, March 24th. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Friday, February 21st. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $103.56.

Floor & Decor Stock Performance

NYSE FND opened at $79.82 on Tuesday. 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 1-year low of $78.04 and a 1-year high of $126.74. The firm has a market capitalization of $8.57 billion, a P/E ratio of 42.01, a P/E/G ratio of 19.06 and a beta of 1.95. The business’s 50-day simple moving average is $93.49 and its 200-day simple moving average is $102.45.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.08 billion. Equities analysts predict that Floor & Decor will post 2 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently made changes to their positions in FND. Conway Capital Management Inc. acquired a new position in Floor & Decor in the third quarter worth $1,090,000. Sanctuary Advisors LLC grew its position in shares of Floor & Decor by 7.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after buying an additional 180 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock valued at $85,745,000 after buying an additional 30,496 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Floor & Decor during the fourth quarter worth about $49,000. Finally, JPMorgan Chase & Co. lifted its holdings in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after acquiring an additional 223,332 shares during the last quarter.

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.