Telsey Advisory Group Reaffirms Market Perform Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research report issued on Thursday, Benzinga reports. They presently have a $95.00 target price on the stock. Telsey Advisory Group’s price target indicates a potential downside of 10.00% from the stock’s current price.

FND has been the subject of several other reports. Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday. Wedbush reiterated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. TD Cowen cut their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Citigroup cut their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Finally, Robert W. Baird cut their target price on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $104.76.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $105.56 on Thursday. The stock has a market cap of $11.30 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The business has a fifty day simple moving average of $112.00 and a 200-day simple moving average of $108.92. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.61 earnings per share. Floor & Decor’s quarterly revenue was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Floor & Decor will post 1.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in FND. Vanguard Group Inc. grew its position in Floor & Decor by 0.8% during the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock worth $1,262,506,000 after buying an additional 81,305 shares in the last quarter. Capital Research Global Investors grew its position in Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in Floor & Decor by 1.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after buying an additional 16,125 shares in the last quarter. Capital International Investors grew its position in Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after buying an additional 73,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Floor & Decor by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after buying an additional 115,876 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.