Floor & Decor (NYSE:FND) Trading Down 4.3% – Here’s Why

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price traded down 4.3% during mid-day trading on Thursday . The stock traded as low as $97.09 and last traded at $97.33. 522,221 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,475,066 shares. The stock had previously closed at $101.74.

Analyst Ratings Changes

Several brokerages recently commented on FND. Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Melius Research began coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Wells Fargo & Company boosted their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Piper Sandler cut their target price 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. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Stock Up 4.0 %

The stock has a market cap of $10.87 billion, a P/E ratio of 56.32, a P/E/G ratio of 14.75 and a beta of 1.82. 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 firm has a 50 day simple moving average of $106.92 and a two-hundred day simple moving average of $107.12.

Floor & Decor (NYSE:FND) last announced its 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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm posted $0.61 EPS. Floor & Decor’s revenue was up .9% compared to the same quarter last year. Equities research analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Institutional Trading of Floor & Decor

Several institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its position in Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after acquiring an additional 333,338 shares in the last quarter. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor in the 3rd quarter worth approximately $1,090,000. Citigroup Inc. lifted its stake in Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after purchasing an additional 16,569 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Floor & Decor by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after buying an additional 12,109 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Floor & Decor by 6.0% in the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock worth $66,872,000 after buying an additional 30,310 shares during 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.