Floor & Decor (NYSE:FND) Now Covered by Melius Research

Melius Research began coverage on shares of Floor & Decor (NYSE:FND) in a report released on Monday, Benzinga reports. The firm set a “sell” rating and a $80.00 price target on the stock. Melius Research’s price target points to a potential downside of 33.69% from the company’s previous close.

A number of other brokerages also recently issued reports on FND. Guggenheim lowered their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Evercore ISI decreased their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Telsey Advisory Group cut their price target on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a report on Friday, August 2nd. Truist Financial decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $102.65.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $120.65 on Monday. The company has a 50 day simple moving average of $104.97 and a two-hundred day simple moving average of $110.82. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 2.19 and a beta of 1.79. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. As a group, analysts predict that Floor & Decor will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Institutional investors and hedge funds have recently modified their holdings of the company. Riverview Trust Co purchased a new stake in Floor & Decor during the 1st quarter worth approximately $26,000. Chris Bulman Inc acquired a new stake in shares of Floor & Decor in the second quarter valued at $30,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor in the first quarter valued at $39,000. J.Safra Asset Management Corp boosted its holdings in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the period. Finally, GAMMA Investing LLC grew its stake in Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 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.