Floor & Decor (NYSE:FND) Given “Outperform” Rating at Telsey Advisory Group

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a report released on Friday,Benzinga reports. They presently have a $115.00 price target on the stock. Telsey Advisory Group’s price objective points to a potential upside of 23.99% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Stifel Nicolaus raised their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Piper Sandler decreased their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday. Mizuho lifted their price target on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $106.16.

Floor & Decor Price Performance

Shares of Floor & Decor stock opened at $92.75 on Friday. Floor & Decor has a 52 week low of $89.06 and a 52 week high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a market cap of $9.95 billion, a PE ratio of 51.53, a price-to-earnings-growth ratio of 19.57 and a beta of 1.83. The company’s 50-day moving average price is $99.94 and its two-hundred day moving average price is $105.95.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. As a group, sell-side analysts anticipate that Floor & Decor will post 1.72 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

Institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its position in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the last quarter. Quarry LP bought a new stake in shares of Floor & Decor in the 3rd quarter valued at approximately $34,000. Huntington National Bank increased its holdings in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Floor & Decor during the fourth quarter valued at approximately $35,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Floor & Decor in the fourth quarter valued at approximately $49,000.

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.