Floor & Decor (NYSE:FND) Given New $100.00 Price Target at Mizuho

Floor & Decor (NYSE:FND) had its target price increased by equities research analysts at Mizuho from $98.00 to $100.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price suggests a potential downside of 2.98% from the stock’s previous close.

Several other brokerages have also recently commented on FND. Wedbush reaffirmed an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Melius Research began coverage on Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective on the stock. Wells Fargo & Company raised their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday. Truist Financial reduced their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Piper Sandler lowered their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.24.

Floor & Decor Stock Up 2.2 %

NYSE:FND traded up $2.19 during mid-day trading on Thursday, reaching $103.07. The stock had a trading volume of 329,828 shares, compared to its average volume of 1,422,664. The stock has a market cap of $11.03 billion, a P/E ratio of 49.47, a PEG ratio of 13.92 and a beta of 1.80. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The business’s 50 day moving average is $112.00 and its 200 day moving average is $108.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. Floor & Decor’s revenue was up .9% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. As a group, sell-side analysts predict that Floor & Decor will post 1.67 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently modified their holdings of FND. Vancity Investment Management Ltd raised its stake in Floor & Decor by 1.5% in the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after purchasing an additional 111 shares in the last quarter. King Luther Capital Management Corp increased its stake in Floor & Decor by 1.2% during the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after acquiring an additional 127 shares during the period. Commonwealth Equity Services LLC raised its holdings in Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after acquiring an additional 138 shares in the last quarter. Silver Coast Investments LLC grew its holdings in shares of Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after purchasing an additional 150 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Floor & Decor by 7.7% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock worth $236,000 after acquiring an additional 169 shares in the last quarter.

About Floor & Decor

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.