Floor & Decor (NYSE:FND) Stock Price Up 5.7% After Analyst Upgrade

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price was up 5.7% during trading on Monday after Stifel Nicolaus raised their price target on the stock from $97.50 to $100.00. Stifel Nicolaus currently has a hold rating on the stock. Floor & Decor traded as high as $109.83 and last traded at $109.66. Approximately 281,184 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,423,332 shares. The stock had previously closed at $103.76.

FND has been the subject of several other reports. Guggenheim lowered their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Thursday, October 31st. Truist Financial cut their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. TD Cowen decreased their target price on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Finally, Citigroup dropped their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $104.37.

Hedge Funds Weigh In On Floor & Decor

Hedge funds have recently bought and sold shares of the business. Versor Investments LP acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $935,000. Venturi Wealth Management LLC increased its holdings in Floor & Decor by 45.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,412 shares of the company’s stock worth $424,000 after acquiring an additional 1,064 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Floor & Decor by 5.0% during the third quarter. Crossmark Global Holdings Inc. now owns 7,290 shares of the company’s stock worth $906,000 after acquiring an additional 350 shares during the period. Atria Investments Inc lifted its holdings in Floor & Decor by 4.0% during the third quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock valued at $870,000 after purchasing an additional 267 shares in the last quarter. Finally, Bridges Investment Management Inc. grew its position in shares of Floor & Decor by 2,010.5% in the third quarter. Bridges Investment Management Inc. now owns 88,027 shares of the company’s stock valued at $10,930,000 after purchasing an additional 83,856 shares during the period.

Floor & Decor Stock Up 5.5 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.27. The firm has a market cap of $11.73 billion, a PE ratio of 60.83, a PEG ratio of 13.68 and a beta of 1.83. The business’s 50 day moving average price is $111.62 and its 200 day moving average price is $108.79.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results 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 return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.68 earnings per share for the current year.

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.