Piper Sandler Cuts Floor & Decor (NYSE:FND) Price Target to $118.00

Floor & Decor (NYSE:FND) had its target price decreased by Piper Sandler from $119.00 to $118.00 in a research report released on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research analysts have also weighed in on FND. Melius Research began coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Guggenheim cut their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company decreased their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Truist Financial cut their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Wedbush reiterated an “outperform” rating and set a $110.00 target price 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 given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.76.

Floor & Decor Trading Up 0.8 %

FND opened at $100.88 on Monday. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The firm has a market capitalization of $10.80 billion, a PE ratio of 48.73, a P/E/G 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. The company’s 50-day moving average is $112.00 and its 200 day moving average is $108.92.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts predict 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 have recently made changes to their positions in the stock. Duality Advisers LP bought a new position in Floor & Decor in the 1st quarter worth about $4,238,000. Russell Investments Group Ltd. lifted its holdings in shares of Floor & Decor by 15.0% in the first quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after buying an additional 12,158 shares in the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Floor & Decor in the first quarter valued at approximately $24,791,000. Capital International Investors grew its stake in Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after acquiring an additional 73,448 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Floor & Decor by 166.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company’s stock worth $8,073,000 after acquiring an additional 38,895 shares during the period.

About Floor & Decor

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.