Telsey Advisory Group Reiterates “Market Perform” Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a research note issued to investors on Friday, Benzinga reports. They presently have a $95.00 price target on the stock. Telsey Advisory Group’s price objective suggests a potential downside of 6.88% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Truist Financial decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, August 2nd. Wells Fargo & Company reduced their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Evercore ISI decreased their price objective on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Finally, Guggenheim dropped their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.42.

Floor & Decor Stock Performance

NYSE:FND opened at $102.02 on Friday. The stock has a market capitalization of $10.93 billion, a P/E ratio of 52.86, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The firm has a 50 day moving average of $112.24 and a 200-day moving average of $109.14.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) 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 the consensus estimate of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, sell-side analysts anticipate that Floor & Decor will post 1.67 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

A number of large investors have recently made changes to their positions in the company. Blue Trust Inc. grew its stake in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the period. Chris Bulman Inc acquired a new position in shares of Floor & Decor in the 2nd quarter valued at approximately $30,000. J.Safra Asset Management Corp increased its stake in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares in the last quarter. RiverPark Advisors LLC raised its holdings in Floor & Decor by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after buying an additional 473 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares in 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.