Piper Sandler Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its target price cut by Piper Sandler from $118.00 to $103.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 5.60% from the stock’s current price.

Several other brokerages also recently commented on FND. Wells Fargo & Company lifted 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. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. Mizuho increased their target price on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $105.39.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $97.54 on Tuesday. The stock has a market capitalization of $10.46 billion, a P/E ratio of 54.19, a P/E/G ratio of 11.51 and a beta of 1.83. The business has a 50-day moving average of $100.95 and a two-hundred day moving average of $106.11. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in shares of Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after acquiring an additional 100 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after purchasing an additional 110 shares during the last quarter. Advisory Research Inc. lifted its position in Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after purchasing an additional 115 shares during the period. Corient Private Wealth LLC boosted its stake in shares of Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the period.

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.