Telsey Advisory Group Reiterates Market Perform Rating for Floor & Decor (NYSE:FND)

Telsey Advisory Group restated their market perform rating on shares of Floor & Decor (NYSE:FND) in a research note released on Thursday morning, Benzinga reports. They currently have a $95.00 target price on the stock. Telsey Advisory Group also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.24 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $2.13 EPS.

Several other research firms also recently commented on FND. TD Cowen decreased their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Melius Research began coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Piper Sandler cut their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Stifel Nicolaus lowered their price target on shares of Floor & Decor from $100.00 to $97.50 and set a “hold” rating for the company in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $104.24.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $103.76 on Thursday. The stock’s 50-day moving average is $111.62 and its 200 day moving average is $108.78. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 57.64, a P/E/G ratio of 13.68 and a beta of 1.83. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $0.61 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, sell-side analysts anticipate that Floor & Decor will post 1.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently bought and sold shares of FND. Chris Bulman Inc purchased a new stake in shares of Floor & Decor in the 2nd quarter worth approximately $30,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the last quarter. Finally, RiverPark Advisors LLC boosted its stake in Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after purchasing an additional 473 shares in the last quarter.

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.