Piper Sandler Lowers Floor & Decor (NYSE:FND) Price Target to $80.00

Floor & Decor (NYSE:FND - Free Report) had its price objective lowered by Piper Sandler from $90.00 to $80.00 in a research report released on Friday morning,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on the company. The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective on the stock. in a research report on Thursday, January 30th. Evercore ISI reduced their target price on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Stifel Nicolaus lowered their price objective on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company set a $80.00 target price on Floor & Decor in a research report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Price Performance

Shares of FND traded up $0.13 during mid-day trading on Friday, hitting $73.26. 804,542 shares of the company were exchanged, compared to its average volume of 1,745,030. The company has a 50 day moving average of $78.81 and a 200-day moving average of $94.38. Floor & Decor has a 1-year low of $66.01 and a 1-year high of $126.74. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND - Get Free Report) last announced its 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. The company had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.46 EPS. Analysts expect that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FND. Capital Research Global Investors boosted its stake in shares of 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 buying an additional 5,784,573 shares during the period. Vanguard Group Inc. increased its stake in Floor & Decor by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after buying an additional 133,766 shares during the period. Principal Financial Group Inc. raised its position in Floor & Decor by 106.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock worth $243,275,000 after buying an additional 1,558,409 shares during the last quarter. Timucuan Asset Management Inc. FL increased its stake in shares of Floor & Decor by 0.4% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock worth $178,557,000 after acquiring an additional 7,329 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Floor & Decor by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after purchasing an additional 223,332 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.