Barclays Upgrades Floor & Decor (NYSE:FND) to Equal Weight

Barclays upgraded shares of Floor & Decor (NYSE:FND) from an underweight rating to an equal weight rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has $91.00 target price on the stock, up from their previous target price of $75.00.

A number of other equities analysts have also recently issued reports on the company. Melius Research began coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price for the company. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Wells Fargo & Company upped their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Stifel Nicolaus lifted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Mizuho increased their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $105.21.

Floor & Decor Trading Down 1.2 %

FND opened at $95.03 on Wednesday. The firm’s fifty day moving average is $105.00 and its two-hundred day moving average is $105.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a market cap of $10.19 billion, a PE ratio of 52.79, a price-to-earnings-growth ratio of 14.43 and a beta of 1.84. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its 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 business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. Floor & Decor’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Equities research analysts anticipate that Floor & Decor will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Commonwealth Equity Services LLC grew its stake in Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after buying an additional 138 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Floor & Decor during the second quarter worth approximately $147,000. American Century Companies Inc. increased its stake in shares of Floor & Decor by 13.9% during the second quarter. American Century Companies Inc. now owns 386,284 shares of the company’s stock worth $38,400,000 after purchasing an additional 47,242 shares during the period. Pecaut & CO. lifted its holdings in Floor & Decor by 6.3% during the 2nd quarter. Pecaut & CO. now owns 18,550 shares of the company’s stock worth $1,844,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Qsemble Capital Management LP boosted its stake in Floor & Decor by 1,585.8% in the 2nd quarter. Qsemble Capital Management LP now owns 29,012 shares of the company’s stock valued at $2,884,000 after purchasing an additional 27,291 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.