Floor & Decor (NYSE:FND) Price Target Raised to $119.00 at Piper Sandler

Floor & Decor (NYSE:FND) had its price target lifted by Piper Sandler from $95.00 to $119.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

FND has been the topic of several other research reports. Wedbush reiterated an outperform rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, August 2nd. Melius Research initiated coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a sell rating and a $80.00 price target on the stock. Telsey Advisory Group reduced their price target on shares of Floor & Decor from $100.00 to $95.00 and set a market perform rating for the company in a report on Friday, August 2nd. Robert W. Baird dropped their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an outperform rating on the stock in a report on Monday, July 29th. Finally, Evercore ISI reduced their target price on shares of Floor & Decor from $120.00 to $100.00 and set an in-line rating for the company in a research note on Tuesday, July 2nd. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of Hold and an average target price of $103.85.

Floor & Decor Trading Down 2.1 %

NYSE:FND opened at $118.21 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 2.46 and a beta of 1.79. The business’s 50-day moving average price is $108.36 and its two-hundred day moving average price is $110.87.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results 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. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. Floor & Decor’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. On average, equities analysts expect that Floor & Decor will post 1.67 earnings per share for the current year.

Institutional Trading of Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP lifted its stake in shares of Floor & Decor by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after buying an additional 265,622 shares during the last quarter. Duality Advisers LP acquired a new stake in Floor & Decor during the first quarter worth approximately $4,238,000. American International Group Inc. boosted its holdings in shares of Floor & Decor by 7,906.5% during the fourth quarter. American International Group Inc. now owns 144,837 shares of the company’s stock worth $16,158,000 after acquiring an additional 143,028 shares during the period. Ghisallo Capital Management LLC acquired a new position in shares of Floor & Decor in the fourth quarter valued at approximately $6,212,000. Finally, Russell Investments Group Ltd. increased its stake in shares of Floor & Decor by 15.0% during the first quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after purchasing an additional 12,158 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.