Telsey Advisory Group Reaffirms “Outperform” Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reaffirmed by equities researchers at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They currently have a $115.00 target price on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 22.02% from the stock’s previous close. Telsey Advisory Group also issued estimates for Floor & Decor’s Q1 2025 earnings at $0.48 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $2.06 EPS and FY2026 earnings at $2.68 EPS.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a research report on Thursday, January 30th. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Mizuho upped their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Wells Fargo & Company upped their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average target price of $106.16.

Floor & Decor Stock Performance

NYSE:FND opened at $94.25 on Friday. The firm has a 50 day simple moving average of $99.62 and a 200-day simple moving average of $105.99. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $10.11 billion, a PE ratio of 49.61, a P/E/G ratio of 19.06 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. On average, equities analysts expect that Floor & Decor will post 2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Forum Financial Management LP purchased a new position in shares of Floor & Decor in the fourth quarter valued at $202,000. Cache Advisors LLC purchased a new position in shares of Floor & Decor in the fourth quarter valued at $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Floor & Decor by 10.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company’s stock valued at $30,871,000 after purchasing an additional 29,480 shares during the period. Worldly Partners Management LLC boosted its stake in shares of Floor & Decor by 1.7% in the fourth quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company’s stock valued at $103,427,000 after purchasing an additional 17,780 shares during the period. Finally, Twinbeech Capital LP purchased a new position in shares of Floor & Decor in the fourth quarter valued at $13,324,000.

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.