Floor & Decor (NYSE:FND) Raised to “Equal Weight” at Barclays

Floor & Decor (NYSE:FND) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a $91.00 target price on the stock, up from their previous target price of $75.00. Barclays‘s price objective would suggest a potential downside of 5.17% from the company’s previous close.

Several other brokerages have also issued reports on FND. Piper Sandler decreased their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company raised their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Melius Research initiated coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.21.

Floor & Decor Stock Performance

FND opened at $95.96 on Wednesday. The firm has a market cap of $10.29 billion, a P/E ratio of 53.31, a price-to-earnings-growth ratio of 14.43 and a beta of 1.84. The business’s fifty day moving average is $105.00 and its 200-day moving average is $105.27. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. Sell-side analysts expect that Floor & Decor will post 1.71 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

Several hedge funds have recently bought and sold shares of FND. Blue Trust Inc. grew its holdings in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the last quarter. Quarry LP acquired a new position in Floor & Decor during the 3rd quarter valued at about $34,000. Wilmington Savings Fund Society FSB bought a new stake in Floor & Decor during the 3rd quarter worth approximately $74,000. UMB Bank n.a. raised its stake in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock worth $89,000 after purchasing an additional 196 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Floor & Decor in the second quarter valued at approximately $147,000.

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.