Piper Sandler Cuts Floor & Decor (NYSE:FND) Price Target to $103.00

Floor & Decor (NYSE:FND) had its target price decreased by Piper Sandler from $118.00 to $103.00 in a research note released on Tuesday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other brokerages also recently commented on FND. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Telsey Advisory Group raised shares of Floor & Decor from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $95.00 to $115.00 in a research report on Friday, February 14th. Wells Fargo & Company lifted 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. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. lifted their target price on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and an average price target of $105.39.

Floor & Decor Trading Down 2.7 %

FND opened at $92.75 on Tuesday. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 20.20 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 simple moving average is $99.94 and its two-hundred day simple moving average is $105.95.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. Analysts expect that Floor & Decor will post 1.72 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in FND. Louisiana State Employees Retirement System raised its stake in Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after acquiring an additional 100 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after purchasing an additional 110 shares in the last quarter. Advisory Research Inc. increased its position in shares of Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC increased its position in Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after buying an additional 120 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after buying an additional 122 shares during the period.

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.