Stifel Nicolaus Issues Pessimistic Forecast for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its price target cut by Stifel Nicolaus from $100.00 to $97.50 in a research note released on Monday, Benzinga reports. They currently have a hold rating on the stock.

FND has been the topic of a number of other reports. Truist Financial lowered their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. TD Cowen decreased their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Piper Sandler decreased their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $104.24.

Floor & Decor Price Performance

NYSE FND opened at $102.96 on Monday. The company has a market cap of $11.02 billion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $111.85 and its two-hundred day simple moving average is $108.87.

Floor & Decor (NYSE:FND) last announced 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 net margin of 4.78% and a return on equity of 10.69%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts predict that Floor & Decor will post 1.67 earnings per share for the current year.

Institutional Trading of Floor & Decor

A number of institutional investors have recently made changes to their positions in the stock. Vancity Investment Management Ltd lifted its stake in Floor & Decor by 1.5% in the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after acquiring an additional 111 shares during the period. King Luther Capital Management Corp increased its holdings in Floor & Decor by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after buying an additional 127 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of 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 grew its stake in shares of 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 stake in shares of Floor & Decor by 7.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after purchasing 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.