Floor & Decor (NYSE:FND) Hits New 1-Year Low – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $85.81 and last traded at $86.67, with a volume of 295980 shares changing hands. The stock had previously closed at $89.36.

Analysts Set New Price Targets

Several research analysts have recently issued reports on FND shares. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, February 21st. The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Finally, Piper Sandler reduced their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $104.83.

Floor & Decor Stock Performance

The stock has a 50-day moving average of $97.19 and a 200 day moving average of $104.89. The stock has a market cap of $9.21 billion, a PE ratio of 45.12, a P/E/G ratio of 19.06 and a beta of 1.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Equities analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System lifted its position in shares of Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after buying an additional 110 shares in the last quarter. Advisory Research Inc. boosted its position in Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after buying an additional 115 shares during the period. Corient Private Wealth LLC grew its stake in shares of Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after acquiring an additional 120 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after acquiring an additional 122 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.