Floor & Decor (NYSE:FND) Earns Sell Rating from Analysts at Melius Research

Research analysts at Melius Research initiated coverage on shares of Floor & Decor (NYSE:FND) in a research report issued on Monday, Benzinga reports. The firm set a “sell” rating and a $80.00 price target on the stock. Melius Research’s price objective suggests a potential downside of 33.16% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. JPMorgan Chase & Co. decreased their price target on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Truist Financial reduced their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research note on Friday, August 2nd. Telsey Advisory Group decreased their target price on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Finally, Robert W. Baird dropped their price target on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $102.65.

Floor & Decor Trading Up 0.1 %

Shares of NYSE FND traded up $0.06 during midday trading on Monday, hitting $119.68. The company’s stock had a trading volume of 354,147 shares, compared to its average volume of 1,443,679. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The firm has a market cap of $12.81 billion, a P/E ratio of 57.99, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The business’s 50 day moving average is $103.88 and its two-hundred day moving average is $110.90. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, equities research analysts expect that Floor & Decor will post 1.67 EPS for the current year.

Institutional Trading of Floor & Decor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin F. Edwards & Company Inc. raised its position in shares of Floor & Decor by 4.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after purchasing an additional 96 shares during the last quarter. Vancity Investment Management Ltd lifted its holdings in Floor & Decor by 1.5% in the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after purchasing an additional 111 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after purchasing an additional 120 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after buying an additional 121 shares in the last quarter. Finally, King Luther Capital Management Corp raised its position in shares of Floor & Decor by 1.2% in the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock valued at $1,092,000 after buying an additional 127 shares during the last quarter.

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.