Floor & Decor (NYSE:FND) Hits New 12-Month Low – What’s Next?

Floor & Decor Holdings, Inc. (NYSE:FND) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $82.37 and last traded at $82.67, with a volume of 85753 shares. The stock had previously closed at $83.99.

Analysts Set New Price Targets

FND has been the topic of several recent research reports. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Piper Sandler cut their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, February 21st. Finally, Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average target price of $104.83.

Floor & Decor Stock Up 1.0 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a 50 day moving average price of $95.97 and a 200 day moving average price of $103.96. The company has a market cap of $9.00 billion, a P/E ratio of 44.11, a P/E/G ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last posted 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 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Research analysts expect that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently modified their holdings of FND. Quarry LP acquired a new position in shares of Floor & Decor in the 3rd quarter worth $34,000. Huntington National Bank grew its holdings in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after acquiring an additional 188 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Floor & Decor in the 4th quarter worth $35,000. Blue Trust Inc. grew its holdings in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares during the last quarter. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Floor & Decor in the 4th 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.