Floor & Decor (NYSE:FND) Receives Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of Floor & Decor (NYSE:FND) in a research note released on Friday, Benzinga reports. They currently have a $95.00 target price on the stock.

A number of other brokerages have also weighed in on FND. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Robert W. Baird cut their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Piper Sandler boosted their target price on shares of Floor & Decor from $95.00 to $119.00 and gave the stock a “neutral” rating in a research report on Monday, September 30th. Finally, Evercore ISI cut their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $104.42.

Floor & Decor Stock Performance

Floor & Decor stock traded down $2.01 during mid-day trading on Friday, reaching $102.02. 1,589,661 shares of the company were exchanged, compared to its average volume of 1,416,588. The firm has a market cap of $10.92 billion, a PE ratio of 49.26, a price-to-earnings-growth ratio of 15.35 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The firm’s 50-day simple moving average is $112.24 and its two-hundred day simple moving average is $109.23. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the firm posted $0.66 EPS. Floor & Decor’s quarterly revenue was down .2% on a year-over-year basis. Equities analysts predict that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Several hedge funds and other institutional investors have recently bought and sold shares of FND. Duality Advisers LP purchased a new stake in shares of Floor & Decor in the first quarter valued at $4,238,000. Russell Investments Group Ltd. grew its holdings in Floor & Decor by 15.0% in the 1st 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 acquired a new position in shares of Floor & Decor during the 1st quarter valued at about $24,791,000. Capital International Investors lifted its holdings in shares of Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after acquiring an additional 73,448 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of 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 last quarter.

About Floor & Decor

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.