Telsey Advisory Group Reaffirms “Market Perform” Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a report issued on Monday,Benzinga reports. They currently have a $95.00 price target on the stock. Telsey Advisory Group’s price objective would indicate a potential downside of 6.49% from the stock’s current price.

A number of other research firms have also recently weighed in on FND. Mizuho boosted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. decreased their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Citigroup decreased their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Robert W. Baird reduced their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Finally, Melius Research started 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 on the stock. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Performance

Shares of NYSE:FND opened at $101.59 on Monday. The company’s 50 day simple moving average is $110.63 and its 200 day simple moving average is $108.52. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 56.44, a price-to-earnings-growth ratio of 13.12 and a beta of 1.83. 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 1 year low of $77.82 and a 1 year high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the firm posted $0.61 earnings per share. As a group, research analysts predict that Floor & Decor will post 1.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently made changes to their positions in FND. Chris Bulman Inc acquired a new position in shares of Floor & Decor during the second quarter valued at about $30,000. Blue Trust Inc. raised 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 purchasing an additional 196 shares during the period. J.Safra Asset Management Corp raised its holdings in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the period. GAMMA Investing LLC raised its holdings in shares of Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares during the period.

Floor & Decor Company Profile

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.