Floor & Decor (NYSE:FND) Upgraded at Gordon Haskett

Floor & Decor (NYSE:FND) was upgraded by equities research analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a research report issued on Friday,Finviz reports. The brokerage presently has a $120.00 price objective on the stock. Gordon Haskett’s price target suggests a potential upside of 29.39% from the company’s previous close.

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, October 28th. Stifel Nicolaus lifted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Piper Sandler reduced their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Telsey Advisory Group raised shares of Floor & Decor from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $95.00 to $115.00 in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $106.16.

Floor & Decor Stock Down 2.7 %

FND stock opened at $92.75 on Friday. Floor & Decor has a 12-month low of $89.06 and a 12-month high of $135.67. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 51.53, a PEG ratio of 19.57 and a beta of 1.83. The company has a 50 day moving average of $99.94 and a two-hundred day moving average of $105.95.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. On average, equities analysts anticipate that Floor & Decor will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FND. Louisiana State Employees Retirement System increased its stake in Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after acquiring an additional 100 shares during the period. CIBC Asset Management Inc increased its stake in Floor & Decor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after acquiring an additional 110 shares during the period. Advisory Research Inc. increased its stake in Floor & Decor by 0.7% in the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after acquiring an additional 115 shares during the period. Corient Private Wealth LLC increased its stake in Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after acquiring an additional 120 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.