Wells Fargo & Company Increases Floor & Decor (NYSE:FND) Price Target to $105.00

Floor & Decor (NYSE:FND) had its price objective boosted by Wells Fargo & Company from $95.00 to $105.00 in a report published on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. cut their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Friday, October 25th. TD Cowen dropped their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Guggenheim reduced their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Truist Financial dropped their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $104.24.

Floor & Decor Stock Up 2.1 %

FND opened at $102.96 on Monday. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 49.74, a price-to-earnings-growth ratio of 13.92 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 fifty day moving average is $111.85 and its 200 day moving average is $108.87. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, sell-side analysts forecast that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds have recently added to or reduced their stakes in the company. Duality Advisers LP purchased a new position in shares of Floor & Decor during the first quarter valued at approximately $4,238,000. Russell Investments Group Ltd. lifted its stake in shares of Floor & Decor by 15.0% during the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after acquiring an additional 12,158 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Floor & Decor during the 1st quarter valued at $24,791,000. Capital International Investors grew its position in Floor & Decor by 7.4% in the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after acquiring an additional 73,448 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in 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 purchasing an additional 38,895 shares during the period.

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.