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

Floor & Decor (NYSE:FND) had its target price lifted by stock analysts at Stifel Nicolaus from $97.50 to $100.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential downside of 7.97% from the company’s previous close.

Several other equities research analysts have also commented on FND. Truist Financial reduced their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Mizuho increased their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. TD Cowen dropped their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Finally, Robert W. Baird lowered their target price on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $104.37.

Floor & Decor Trading Down 0.8 %

NYSE:FND opened at $108.66 on Monday. The company has a market cap of $11.64 billion, a PE ratio of 60.37, a price-to-earnings-growth ratio of 13.57 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $111.59 and a two-hundred day simple moving average of $108.79. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND) last released 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. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Research analysts forecast that Floor & Decor will post 1.71 earnings per share for the current year.

Institutional Trading of Floor & Decor

Large investors have recently added to or reduced their stakes in the company. Duality Advisers LP purchased a new position in shares of Floor & Decor in the first quarter valued at $4,238,000. Russell Investments Group Ltd. increased its holdings in shares of Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after buying an additional 12,158 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Floor & Decor in the 1st quarter worth about $24,791,000. Capital International Investors raised its position in shares of Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after buying an additional 73,448 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Floor & Decor by 166.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company’s stock valued at $8,073,000 after acquiring an additional 38,895 shares during 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.