Floor & Decor (NYSE:FND - Get Free Report) had its target price lowered by research analysts at Robert W. Baird from $125.00 to $100.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's target price would suggest a potential upside of 34.75% from the stock's current price.
A number of other analysts have also weighed in on the company. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and raised their target price for the company from $100.00 to $110.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. boosted their target price 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. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Finally, Wells Fargo & Company set a $80.00 price objective on Floor & Decor in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $96.33.
Check Out Our Latest Stock Report on FND
Floor & Decor Stock Performance
Floor & Decor stock traded up $1.96 during trading hours on Tuesday, reaching $74.21. 6,096,879 shares of the company were exchanged, compared to its average volume of 1,740,947. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $126.74. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a 50-day moving average of $79.84 and a 200 day moving average of $95.00. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 19.06 and a beta of 1.86.
Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting analysts' consensus estimates of $0.45. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. As a group, research analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Huntington National Bank grew its position in Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares during the period. Whipplewood Advisors LLC purchased a new position in Floor & Decor in the fourth quarter valued at about $35,000. Blue Trust Inc. grew its position in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after acquiring an additional 166 shares during the period. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor during the 4th quarter worth approximately $49,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $49,000.
Floor & Decor Company Profile
(
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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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