Floor & Decor (NYSE:FND) Price Target Lowered to $90.00 at Guggenheim

Key Points

• Guggenheim has lowered the price target for Floor & Decor from $100.00 to $90.00, while maintaining a "buy" rating, indicating a potential upside of 18.12% from the company's last close.
• Multiple brokerages have recently revised their target prices for Floor & Decor, with the lowest now set at $70.00 by Goldman Sachs and the highest at $100.00 by Robert W. Baird.
• Floor & Decor's stock has a current consensus rating of "Hold" and an average price target of $88.56, with recent trading at around $76.19.

Floor & Decor (NYSE:FND - Get Free Report) had its price objective decreased by research analysts at Guggenheim from $100.00 to $90.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Guggenheim's price objective indicates a potential upside of 8.96% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Barclays cut their target price on shares of Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Gordon Haskett cut Floor & Decor from a "buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird decreased their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Loop Capital lowered their target price on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a research note on Tuesday, May 6th. Finally, Wells Fargo & Company decreased their price objective on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $88.56.

Floor & Decor Stock Up 1.4%

Shares of NYSE FND traded up $1.16 during mid-day trading on Friday, reaching $82.60. The company had a trading volume of 1,386,484 shares, compared to its average volume of 2,071,390. Floor & Decor has a twelve month low of $66.01 and a twelve month high of $124.68. The stock's 50 day moving average is $77.31 and its 200-day moving average is $82.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The stock has a market capitalization of $8.89 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 2.45 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. The firm's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. As a group, equities analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its holdings in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock worth $550,228,000 after acquiring an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. raised its position in 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. raised its stake 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 worth $132,329,000 after acquiring an additional 1,316,484 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Floor & Decor in the 4th quarter valued at $109,574,000.

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.