Floor & Decor (NYSE:FND) Price Target Raised to $105.00

Floor & Decor (NYSE:FNDFree Report) had its price target upped by Wells Fargo & Company from $95.00 to $105.00 in a research note issued to investors on Monday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

Several other research firms have also issued reports on FND. Truist Financial lowered their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Evercore ISI reduced their price target on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Melius Research assumed coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Finally, Stifel Nicolaus reduced their price objective on shares of Floor & Decor from $100.00 to $97.50 and set a “hold” rating for the company in a research note on Monday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $104.76.

Check Out Our Latest Report on FND

Floor & Decor Price Performance

FND opened at $100.88 on Monday. 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 company has a market cap of $10.80 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The stock has a fifty day simple moving average of $112.00 and a two-hundred day simple moving average of $108.92. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67.

Floor & Decor (NYSE:FNDGet Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned $0.66 EPS. Floor & Decor’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts predict that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

A number of hedge funds have recently bought and sold shares of FND. Duality Advisers LP bought a new stake in shares of Floor & Decor during the 1st quarter valued at about $4,238,000. Russell Investments Group Ltd. grew its position in Floor & Decor by 15.0% during the first quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock valued at $12,050,000 after buying an additional 12,158 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Floor & Decor during the first quarter valued at approximately $24,791,000. Capital International Investors increased 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 buying an additional 73,448 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised 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 acquiring an additional 38,895 shares during the period.

About Floor & Decor

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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.

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Analyst Recommendations for Floor & Decor (NYSE:FND)

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