Floor & Decor’s (FND) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Floor & Decor (NYSE:FND) in a research report released on Friday, Benzinga reports. The firm currently has a $95.00 price target on the stock.

FND has been the subject of several other research reports. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, August 2nd. TD Cowen cut their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Stifel Nicolaus raised their target price on Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company cut their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Piper Sandler boosted their price objective on Floor & Decor from $95.00 to $119.00 and gave the company a “neutral” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $104.76.

Floor & Decor Stock Performance

Shares of FND opened at $101.81 on Friday. The firm’s fifty day simple moving average is $112.13 and its two-hundred day simple moving average is $109.01. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. 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 $10.89 billion, a P/E ratio of 49.18, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. As a group, analysts predict that Floor & Decor will post 1.67 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently made changes to their positions in the business. Duality Advisers LP bought a new stake in Floor & Decor in the first quarter worth about $4,238,000. Russell Investments Group Ltd. raised its holdings in shares of Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after purchasing an additional 12,158 shares during the period. Lord Abbett & CO. LLC purchased a new position in Floor & Decor in the first quarter valued at approximately $24,791,000. Capital International Investors grew its holdings in Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after purchasing an additional 73,448 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Floor & Decor by 166.3% in the first quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company’s stock worth $8,073,000 after buying an additional 38,895 shares during 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.