Floor & Decor (NYSE:FND) Given New $80.00 Price Target at Piper Sandler

Floor & Decor (NYSE:FND - Get Free Report) had its price target cut by equities research analysts at Piper Sandler from $90.00 to $80.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's price target points to a potential upside of 5.76% from the company's current price.

A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Wedbush cut Floor & Decor from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Gordon Haskett lowered Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $115.00 price target on shares of Floor & Decor in a research report on Monday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $99.78.

Floor & Decor Trading Up 4.7 %

Shares of Floor & Decor stock traded up $3.39 during trading on Friday, reaching $75.64. 1,759,057 shares of the stock were exchanged, compared to its average volume of 1,725,830. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 39.87, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. Floor & Decor has a 1 year low of $66.01 and a 1 year high of $126.74. The stock's fifty day moving average is $80.36 and its 200 day moving average is $95.27.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the business posted $0.46 EPS. The business's revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its position in Floor & Decor by 76.8% in the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after acquiring an additional 5,784,573 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after purchasing an additional 1,558,409 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock valued at $132,329,000 after buying an additional 1,316,484 shares during the last quarter. Fisher Funds Management LTD bought a new stake in Floor & Decor in the 4th quarter worth about $128,797,000. Finally, Marshall Wace LLP purchased a new position in Floor & Decor in the 4th quarter worth about $109,574,000.

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.

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