Floor & Decor (NYSE:FND) Price Target Raised to $100.00

Floor & Decor (NYSE:FND) had its price target increased by Mizuho from $98.00 to $100.00 in a research report sent to investors on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other research firms have also issued reports on FND. Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Guggenheim lowered their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Finally, TD Cowen cut their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Three research 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 MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $104.24.

Floor & Decor Stock Up 1.4 %

Shares of NYSE:FND traded up $1.44 during midday trading on Thursday, hitting $104.49. 343,723 shares of the stock were exchanged, compared to its average volume of 1,425,016. The company has a market capitalization of $11.20 billion, a PE ratio of 57.20, a P/E/G ratio of 13.59 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 debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The business’s fifty day simple moving average is $111.85 and its two-hundred day simple moving average is $108.87.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results 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. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a return on equity of 9.84% and a net margin of 4.45%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $0.61 EPS. As a group, research analysts predict that Floor & Decor will post 1.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently made changes to their positions in FND. Vancity Investment Management Ltd lifted its holdings in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after purchasing an additional 111 shares during the last quarter. King Luther Capital Management Corp increased its holdings in shares of Floor & Decor by 1.2% during the second 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 raised its stake in shares of Floor & Decor by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after acquiring an additional 138 shares during the last quarter. Silver Coast Investments LLC grew its position in Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after acquiring an additional 150 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its position in Floor & Decor by 7.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock worth $236,000 after acquiring an additional 169 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.