Floor & Decor (NYSE:FND) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Floor & Decor (NYSE:FND) in a research note published on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $95.00 price target on the stock.

Other equities analysts have also recently issued reports about the company. 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. Piper Sandler dropped their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Mizuho boosted their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Stock Down 0.2 %

Shares of NYSE FND opened at $102.20 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $10.96 billion, a PE ratio of 56.78, a P/E/G ratio of 13.27 and a beta of 1.83. The company’s fifty day simple moving average is $110.48 and its 200 day simple moving average is $108.43. Floor & Decor has a 12-month low of $86.13 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts forecast that Floor & Decor will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in shares of Floor & Decor by 15.0% in the first quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock valued at $12,050,000 after buying an additional 12,158 shares during the period. Lord Abbett & CO. LLC bought a new position in Floor & Decor during the first quarter worth about $24,791,000. Capital International Investors boosted 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 purchasing an additional 73,448 shares during the period. Vanguard Group Inc. increased its stake in shares of Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock worth $1,262,506,000 after purchasing an additional 81,305 shares in the last quarter. Finally, Scientech Research LLC lifted its stake in shares of Floor & Decor by 353.0% during the 2nd quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock valued at $1,767,000 after buying an additional 13,850 shares in the last quarter.

About Floor & Decor

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.