Floor & Decor (NYSE:FND) Lowered to “Neutral” Rating by Wedbush

Floor & Decor (NYSE:FND) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They currently have a $100.00 price objective on the stock, down from their prior price objective of $110.00. Wedbush’s target price would indicate a potential upside of 2.52% from the company’s previous close. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $1.72 EPS, FY2025 earnings at $1.87 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $3.13 EPS.

A number of other research analysts have also recently issued reports on the company. Telsey Advisory Group raised Floor & Decor from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $95.00 to $115.00 in a research note on Friday. Piper Sandler decreased their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Mizuho raised their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wells Fargo & Company upped their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $106.22.

Floor & Decor Trading Down 0.3 %

Shares of NYSE FND opened at $97.54 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The company’s fifty day moving average is $101.25 and its 200-day moving average is $106.03. The stock has a market cap of $10.46 billion, a price-to-earnings ratio of 54.19, a P/E/G ratio of 11.51 and a beta of 1.83.

Institutional Trading of Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC bought a new position in Floor & Decor in the second quarter valued at approximately $231,000. Sanctuary Advisors LLC acquired a new stake in shares of Floor & Decor in the 2nd quarter valued at approximately $253,000. CWM LLC grew its stake in shares of Floor & Decor by 15.8% in the third quarter. CWM LLC now owns 1,289 shares of the company’s stock valued at $160,000 after buying an additional 176 shares in the last quarter. NBC Securities Inc. increased its holdings in Floor & Decor by 64.1% during the third quarter. NBC Securities Inc. now owns 2,899 shares of the company’s stock worth $359,000 after buying an additional 1,132 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares in the last quarter.

About Floor & Decor

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.