Piper Sandler Boosts Floor & Decor (NYSE:FND) Price Target to $119.00

Floor & Decor (NYSE:FND) had its price objective increased by Piper Sandler from $95.00 to $119.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also commented on the stock. TD Cowen decreased their target price on shares of Floor & Decor from $115.00 to $100.00 and set a hold rating on the stock in a report on Friday, July 12th. JPMorgan Chase & Co. lowered their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a neutral rating for the company in a research report on Friday, August 2nd. Citigroup reduced their target price on Floor & Decor from $109.00 to $104.00 and set a neutral rating on the stock in a report on Friday, July 19th. Telsey Advisory Group decreased their price target on Floor & Decor from $100.00 to $95.00 and set a market perform rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial reduced their price objective on Floor & Decor from $130.00 to $115.00 and set a buy rating on the stock in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $103.85.

Floor & Decor Stock Down 2.1 %

NYSE FND opened at $118.21 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 57.54, a PEG ratio of 2.46 and a beta of 1.79. The company has a 50 day moving average of $108.36 and a 200-day moving average of $110.87. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm 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 quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. On average, equities research analysts expect that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

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