Floor & Decor (NYSE:FND) Price Target Lowered to $90.00 at Evercore ISI

Floor & Decor (NYSE:FND) had its price target decreased by equities researchers at Evercore ISI from $95.00 to $90.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective suggests a potential upside of 13.67% from the company’s current price.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. upped their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. 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. Piper Sandler reduced their price target on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. Finally, Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday, February 21st. Two investment 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 data from MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average target price of $103.56.

Floor & Decor Stock Performance

Shares of NYSE:FND traded down $1.29 during midday trading on Tuesday, hitting $79.18. The company’s stock had a trading volume of 254,296 shares, compared to its average volume of 1,775,442. Floor & Decor has a fifty-two week low of $78.04 and a fifty-two week high of $126.74. The stock’s 50 day simple moving average is $93.94 and its 200 day simple moving average is $102.69. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 41.63, a PEG 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.

Floor & Decor (NYSE:FND) last announced 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 for the quarter, compared to analyst estimates of $1.08 billion. As a group, research analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of Floor & Decor during the 3rd quarter valued at approximately $34,000. Huntington National Bank grew its stake in Floor & Decor by 120.5% during the 4th 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 acquired a new stake in Floor & Decor in the 4th quarter worth approximately $35,000. Blue Trust Inc. increased its holdings in shares of Floor & Decor by 59.9% in the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after purchasing an additional 166 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new position in Floor & Decor during the 4th quarter worth approximately $49,000.

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.