Floor & Decor (NYSE:FND) Downgraded to “Neutral” Rating by Wedbush

Wedbush lowered shares of Floor & Decor (NYSE:FND) from an outperform rating to a neutral rating in a research report sent to investors on Friday, Marketbeat Ratings reports. Wedbush currently has $100.00 target price on the stock, down from their prior target price of $110.00.

A number of other analysts have also recently weighed in on FND. Stifel Nicolaus raised their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Telsey Advisory Group upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $95.00 to $115.00 in a report on Friday. Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Piper Sandler reduced their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $106.22.

Floor & Decor Trading Down 0.3 %

Shares of NYSE:FND opened at $97.54 on Friday. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 54.19, a PEG ratio of 11.51 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. 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 company has a 50 day moving average price of $101.25 and a 200 day moving average price of $105.96.

Institutional Trading of Floor & Decor

A number of institutional investors have recently bought and sold shares of the company. West Paces Advisors Inc. boosted its position in Floor & Decor by 5.9% during the fourth quarter. West Paces Advisors Inc. now owns 4,025 shares of the company’s stock valued at $401,000 after purchasing an additional 225 shares during the last quarter. Cypress Advisory Group LLC acquired a new stake in Floor & Decor during the fourth quarter valued at $459,000. Davidson Kahn Capital Management LLC acquired a new stake in Floor & Decor during the fourth quarter valued at $2,443,000. Freestone Grove Partners LP acquired a new stake in Floor & Decor during the fourth quarter valued at $7,644,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Floor & Decor during the fourth quarter valued at $283,000.

Floor & Decor Company Profile

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.