Floor & Decor (NYSE:FND) Reaches New 52-Week Low – Time to Sell?

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) reached a new 52-week low on Wednesday . The company traded as low as $82.37 and last traded at $82.67, with a volume of 85753 shares traded. The stock had previously closed at $83.99.

Wall Street Analyst Weigh In

A number of brokerages have commented on FND. Piper Sandler dropped their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, February 21st. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and upped their price objective for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. increased 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. Finally, Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $104.83.

Floor & Decor Stock Performance

The company has a market cap of $8.88 billion, a PE ratio of 43.45, a P/E/G ratio of 19.06 and a beta of 1.95. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock’s 50-day simple moving average is $96.48 and its 200 day simple moving average is $104.25.

Floor & Decor (NYSE:FND) last posted its quarterly 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. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

A number of large investors have recently made changes to their positions in the stock. Capital Research Global Investors grew its position in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after buying an additional 5,784,573 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Floor & Decor by 12,208.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after acquiring an additional 1,316,484 shares in the last quarter. FMR LLC boosted its stake in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Floor & Decor in the 4th quarter worth approximately $128,797,000. Finally, Marshall Wace LLP purchased a new position in Floor & Decor in the 4th quarter valued at approximately $109,574,000.

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.