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

Wall Street Zen lowered shares of Floor & Decor (NYSE:FND - Free Report) from a hold rating to a sell rating in a research note released on Friday.

FND has been the subject of several other reports. Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Wells Fargo & Company dropped their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Mizuho dropped their price objective on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a report on Friday, May 2nd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a report on Monday, April 28th. Three 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.com, the company presently has an average rating of "Hold" and a consensus price target of $93.00.

Floor & Decor Stock Performance

NYSE:FND traded down $0.44 during mid-day trading on Friday, hitting $75.34. 2,666,604 shares of the stock were exchanged, compared to its average volume of 1,854,084. The stock has a market capitalization of $8.11 billion, a price-to-earnings ratio of 39.86, a price-to-earnings-growth ratio of 2.36 and a beta of 1.71. The firm's 50-day simple moving average is $74.35 and its 200 day simple moving average is $86.28. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $124.68.

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 for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.46 EPS. As a group, equities analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Floor & Decor during the 4th quarter worth $38,717,000. Charles Schwab Investment Management Inc. grew its position in Floor & Decor by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after acquiring an additional 30,496 shares during the last quarter. Landscape Capital Management L.L.C. grew its position in Floor & Decor by 111.7% during the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company's stock worth $4,978,000 after acquiring an additional 26,344 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Floor & Decor during the 4th quarter worth $49,000. Finally, Raymond James Financial Inc. bought a new stake in Floor & Decor during the 4th quarter worth $54,640,000.

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.