Floor & Decor (NYSE:FND) Price Target Cut to $90.00 by Analysts at Piper Sandler

Floor & Decor (NYSE:FND) had its target price lowered by Piper Sandler from $103.00 to $90.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 8.71% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Finally, Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $104.11.

Floor & Decor Stock Performance

Shares of FND stock opened at $82.79 on Monday. The stock has a market cap of $8.89 billion, a PE ratio of 43.57, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The stock has a 50-day moving average of $95.28 and a 200-day moving average of $103.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a one year low of $80.82 and a one year high of $131.76.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, sell-side analysts expect that Floor & Decor will post 2 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FND. Quarry LP acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $34,000. Huntington National Bank grew its stake in shares of Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Floor & Decor during the fourth quarter worth $35,000. Blue Trust Inc. raised its position in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Finally, Bank of Jackson Hole Trust acquired a new stake in Floor & Decor in the fourth quarter valued at $49,000.

Floor & Decor Company Profile

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.