Floor & Decor (NYSE:FND) Rating Lowered to “Neutral” at Wedbush

Floor & Decor (NYSE:FND) was downgraded by research analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday,Finviz reports. They currently have a $100.00 price target on the stock, down from their previous price target of $110.00. Wedbush’s price objective would suggest a potential upside of 2.08% from the company’s current price.

A number of other brokerages have also commented on FND. Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Telsey Advisory Group raised shares of Floor & Decor from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $95.00 to $115.00 in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday. Wells Fargo & Company boosted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Finally, Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $106.22.

Floor & Decor Price Performance

Shares of FND opened at $97.96 on Friday. The firm has a market capitalization of $10.50 billion, a PE ratio of 54.42, a PEG ratio of 11.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company’s 50-day moving average is $101.50 and its 200-day moving average is $105.96. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67.

Institutional Trading of Floor & Decor

Several large investors have recently made changes to their positions in FND. Blue Trust Inc. boosted its holdings in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares in the last quarter. Quarry LP acquired a new position in Floor & Decor during the third quarter worth $34,000. Huntington National Bank lifted its stake in shares of Floor & Decor by 120.5% in the fourth 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 acquired a new position in shares of Floor & Decor during the fourth quarter valued at about $35,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Floor & Decor during the fourth quarter worth about $49,000.

About Floor & Decor

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.