Floor & Decor (NYSE:FND) Price Target Cut to $90.00 by Analysts at Piper Sandler

Floor & Decor (NYSE:FND) had its price objective decreased by Piper Sandler from $103.00 to $90.00 in a research note released on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

FND has been the subject of several other research reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, February 21st. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Finally, Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.11.

Floor & Decor Stock Down 0.2 %

NYSE FND opened at $82.81 on Monday. The stock has a 50 day moving average price of $94.99 and a 200-day moving average price of $103.26. Floor & Decor has a one year low of $80.82 and a one year high of $131.76. 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 company has a market capitalization of $8.89 billion, a P/E ratio of 43.58, a P/E/G ratio of 19.06 and a beta of 1.95.

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

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Floor & Decor during the 3rd quarter worth $34,000. Huntington National Bank boosted its holdings in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor in the 4th quarter valued at about $35,000. Blue Trust Inc. raised its stake in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Floor & Decor during the fourth quarter valued at approximately $49,000.

Floor & Decor Company Profile

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.