Floor & Decor (NYSE:FND) Price Target Raised to $100.00 at Stifel Nicolaus

Floor & Decor (NYSE:FND) had its price objective increased by research analysts at Stifel Nicolaus from $97.50 to $100.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price indicates a potential downside of 7.94% from the company’s previous close.

A number of other analysts also recently issued reports on the stock. Truist Financial decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Robert W. Baird reduced their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Citigroup reduced their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Thursday. Finally, Piper Sandler reduced their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Up 4.7 %

FND traded up $4.86 during trading on Monday, hitting $108.62. 437,662 shares of the company’s stock were exchanged, compared to its average volume of 1,423,884. The company has a quick ratio of 0.27, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $111.62 and its two-hundred day moving average is $108.78. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock has a market cap of $11.64 billion, a P/E ratio of 60.34, a PEG ratio of 13.68 and a beta of 1.83.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities analysts expect that Floor & Decor will post 1.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vancity Investment Management Ltd increased its position in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after purchasing an additional 111 shares during the period. King Luther Capital Management Corp increased its position in Floor & Decor by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock valued at $1,092,000 after purchasing an additional 127 shares during the period. Commonwealth Equity Services LLC increased its position in Floor & Decor by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after purchasing an additional 138 shares during the period. Silver Coast Investments LLC increased its position in Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after purchasing an additional 150 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its position in shares of Floor & Decor by 7.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock worth $236,000 after buying an additional 169 shares during the period.

Floor & Decor Company Profile

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.