Floor & Decor (NYSE:FND) Research Coverage Started at Melius Research

Melius Research started coverage on shares of Floor & Decor (NYSE:FND) in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage issued a sell rating and a $80.00 target price on the stock.

Several other analysts also recently weighed in on the company. Citigroup lowered their price objective on Floor & Decor from $109.00 to $104.00 and set a neutral rating for the company in a research report on Friday, July 19th. Telsey Advisory Group dropped their price target on shares of Floor & Decor from $100.00 to $95.00 and set a market perform rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company decreased their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an equal weight rating on the stock in a research report on Friday, July 26th. Stifel Nicolaus increased their target price on shares of Floor & Decor from $85.00 to $100.00 and gave the stock a hold rating in a report on Friday, August 30th. Finally, Evercore ISI reduced their price target on Floor & Decor from $120.00 to $100.00 and set an in-line rating on the stock in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of Hold and a consensus price target of $102.65.

Floor & Decor Price Performance

FND stock opened at $118.55 on Monday. The firm has a market cap of $12.70 billion, a P/E ratio of 57.27, a P/E/G ratio of 2.46 and a beta of 1.79. The firm’s fifty day moving average is $105.46 and its 200 day moving average is $110.88. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. During the same period last year, the firm earned $0.66 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts predict that Floor & Decor will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

Several large investors have recently made changes to their positions in the business. Riverview Trust Co bought a new position in Floor & Decor during the 1st quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in shares of Floor & Decor in the 1st quarter worth about $39,000. Chris Bulman Inc bought a new position in Floor & Decor in the 2nd quarter worth about $30,000. J.Safra Asset Management Corp grew its position in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the last quarter. Finally, RiverPark Advisors LLC increased its stake in Floor & Decor by 361.1% during the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after purchasing an additional 473 shares in the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.