Floor & Decor (NYSE:FND) Stock Rating Upgraded by Stifel Nicolaus

Stifel Nicolaus upgraded shares of Floor & Decor (NYSE:FND) from a hold rating to a buy rating in a report released on Monday morning, MarketBeat reports. Stifel Nicolaus currently has $110.00 target price on the stock, up from their prior target price of $100.00.

FND has been the topic of several other reports. Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Friday, February 21st. Wells Fargo & Company lifted their target price 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. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Mizuho upped their price target on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Piper Sandler lowered their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $106.68.

Floor & Decor Price Performance

Shares of FND opened at $102.46 on Monday. The company has a market capitalization of $10.99 billion, a P/E ratio of 53.93, a P/E/G ratio of 19.06 and a beta of 1.83. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The business’s 50-day moving average is $99.27 and its two-hundred day moving average is $106.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Research analysts predict that Floor & Decor will post 2 earnings per share for the current year.

Institutional Trading of Floor & Decor

A number of hedge funds and other institutional investors have recently modified their holdings of 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 valued at $34,000 after purchasing an additional 196 shares during the last quarter. Quarry LP purchased a new position in shares of Floor & Decor during the 3rd quarter valued at approximately $34,000. Huntington National Bank grew its position in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Floor & Decor during the fourth quarter worth approximately $35,000. Finally, Bank of Jackson Hole Trust bought a new stake in shares of Floor & Decor in the fourth quarter worth $49,000.

Floor & Decor Company Profile

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.