Floor & Decor (NYSE:FND) Given New $118.00 Price Target at Piper Sandler

Floor & Decor (NYSE:FND) had its price target decreased by Piper Sandler from $119.00 to $118.00 in a research report report published on Monday, Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research firms also recently issued reports on FND. Wells Fargo & Company decreased their price target on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Guggenheim lowered their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Melius Research initiated coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Robert W. Baird lowered their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. Finally, Evercore ISI reduced their target price on shares of 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. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $104.76.

Floor & Decor Trading Down 0.2 %

NYSE FND opened at $101.81 on Monday. The stock has a market cap of $10.89 billion, a P/E ratio of 49.18, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock has a 50 day simple moving average of $112.13 and a two-hundred day simple moving average of $109.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 earnings per share. On average, analysts forecast that Floor & Decor will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Floor & Decor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after acquiring an additional 81,305 shares during the period. Capital Research Global Investors boosted its holdings in Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in Floor & Decor by 1.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after purchasing an additional 16,125 shares during the period. Capital International Investors raised its stake in Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after buying an additional 73,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after buying an additional 115,876 shares during the period.

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.