Floor & Decor (NYSE:FND) Upgraded at Barclays

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

A number of other brokerages have also recently commented on FND. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Mizuho lifted their target price on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Piper Sandler cut their price target 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. Melius Research assumed coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Finally, Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average price target of $105.21.

Floor & Decor Price Performance

Shares of FND stock opened at $95.96 on Wednesday. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 14.43 and a beta of 1.84. 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 stock’s 50-day simple moving average is $105.14 and its 200-day simple moving average is $105.33. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $0.61 EPS. Floor & Decor’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts forecast that Floor & Decor will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of large investors have recently bought and sold shares of the business. FMR LLC grew its holdings in Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the period. State Street Corp grew its stake in Floor & Decor by 6.3% in the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after acquiring an additional 222,980 shares during the period. Wasatch Advisors LP increased its holdings in Floor & Decor by 3.9% in the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after acquiring an additional 85,299 shares in the last quarter. Geode Capital Management LLC raised its position in Floor & Decor by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after acquiring an additional 24,509 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 shares in the last quarter.

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.