Floor & Decor (NYSE:FND) PT Raised to $119.00

Floor & Decor (NYSE:FND) had its price target boosted by equities research analysts at Piper Sandler from $95.00 to $119.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price objective indicates a potential downside of 2.66% from the company’s current price.

Several other brokerages have also recently weighed in on FND. Melius Research assumed coverage on Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Stifel Nicolaus raised their price target on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 30th. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, August 2nd. Wells Fargo & Company lowered their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Finally, Telsey Advisory Group decreased their target price on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average price target of $103.85.

Floor & Decor Stock Performance

Shares of FND stock traded down $0.52 during trading hours on Monday, hitting $122.25. 35,229 shares of the company were exchanged, compared to its average volume of 1,426,145. 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 stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 59.05, a P/E/G ratio of 2.46 and a beta of 1.79. The firm has a fifty day simple moving average of $106.61 and a 200 day simple moving average of $110.78. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $0.66 earnings per share. 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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Riverview Trust Co bought a new stake in Floor & Decor during the 1st quarter valued at approximately $26,000. Chris Bulman Inc bought a new position in Floor & Decor in the second quarter worth $30,000. Rise Advisors LLC bought a new stake in shares of Floor & Decor during the 1st quarter valued at $39,000. J.Safra Asset Management Corp grew its position in shares of Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after acquiring 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.