Stifel Nicolaus Cuts Floor & Decor (NYSE:FND) Price Target to $97.50

Floor & Decor (NYSE:FND) had its target price reduced by Stifel Nicolaus from $100.00 to $97.50 in a research note released on Monday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other research analysts have also recently issued reports on the company. Evercore ISI cut their price target on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. 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 report on Friday, July 26th. Guggenheim reduced their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Melius Research began coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price for the company. 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 company. According to MarketBeat.com, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $104.76.

Floor & Decor Stock Performance

NYSE FND opened at $100.88 on Monday. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a 50 day moving average of $112.00 and a 200-day moving average of $108.92. 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 $10.80 billion, a price-to-earnings ratio of 48.73, a PEG ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND) last released its quarterly 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. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. On average, equities analysts forecast that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares during the period. Chris Bulman Inc bought a new stake in shares of Floor & Decor in the second quarter worth about $30,000. J.Safra Asset Management Corp raised its position in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the period. RiverPark Advisors LLC raised its position in shares of Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after purchasing an additional 473 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares in the last quarter.

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.