Telsey Advisory Group Reiterates “Outperform” Rating for Floor & Decor (NYSE:FND)

Telsey Advisory Group restated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research note published on Friday morning,Benzinga reports. The firm currently has a $115.00 price objective on the stock.

Other research analysts have also issued research reports about the stock. Gordon Haskett upgraded shares of 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. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. 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 report on Monday, February 10th. Finally, Piper Sandler cut their price target on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $106.16.

Floor & Decor Trading Up 1.5 %

Shares of FND stock opened at $94.25 on Friday. The firm has a market cap of $10.11 billion, a P/E ratio of 52.36, a PEG ratio of 19.57 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. 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 firm’s 50-day simple moving average is $99.62 and its 200-day simple moving average is $105.93.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. As a group, equities analysts forecast that Floor & Decor will post 1.72 EPS for the current year.

Institutional Trading of Floor & Decor

Hedge funds have recently made changes to their positions in the stock. Capital Research Global Investors lifted its stake in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Floor & Decor by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock worth $976,319,000 after purchasing an additional 133,766 shares during the period. FMR LLC raised its position in Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. State Street Corp raised its position in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after acquiring an additional 222,980 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock worth $279,732,000 after acquiring an additional 85,299 shares in the last quarter.

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.