Floor & Decor (NYSE:FND) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Floor & Decor (NYSE:FND - Free Report) from a hold rating to a sell rating in a report issued on Friday morning.

FND has been the subject of several other research reports. Robert W. Baird lowered their price target on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Evercore ISI lowered their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research note on Tuesday, June 24th. Loop Capital lowered their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Monday, April 28th. Finally, Gordon Haskett lowered shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and a consensus target price of $93.00.

Floor & Decor Trading Up 1.2%

Floor & Decor stock traded up $0.92 during mid-day trading on Friday, hitting $76.22. 1,933,907 shares of the stock were exchanged, compared to its average volume of 1,845,096. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $124.68. The firm's fifty day simple moving average is $74.35 and its two-hundred day simple moving average is $85.91. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 2.34 and a beta of 1.72.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the business earned $0.46 EPS. The company's revenue was up 5.8% compared to the same quarter last year. Analysts forecast that Floor & Decor will post 2 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently bought and sold shares of FND. Huntington National Bank boosted its holdings in Floor & Decor by 120.5% during 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 purchased a new position in shares of Floor & Decor in the 4th quarter worth about $35,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares during the last quarter. Zions Bancorporation National Association UT purchased a new stake in Floor & Decor during the first quarter valued at about $47,000. Finally, Proficio Capital Partners LLC purchased a new stake in Floor & Decor during the fourth quarter valued at about $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.