Floor & Decor (NYSE:FND) Stock Rating Upgraded by Wall Street Zen

Floor & Decor (NYSE:FND - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts also recently commented on FND. Barclays lowered 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. Guggenheim cut their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Wells Fargo & Company dropped their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. increased their target price on Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $93.56.

Floor & Decor Stock Performance

Floor & Decor stock traded up $0.97 during mid-day trading on Friday, hitting $75.58. The company had a trading volume of 1,818,338 shares, compared to its average volume of 1,841,251. The company's fifty day moving average is $73.69 and its 200-day moving average is $89.46. Floor & Decor has a 12-month low of $66.01 and a 12-month high of $126.24. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 19.06 and a beta of 1.71. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company earned $0.46 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. Equities research analysts predict that Floor & Decor will post 2 EPS for the current year.

Institutional Trading of Floor & Decor

Several large investors have recently modified their holdings of FND. Huntington National Bank grew its holdings in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after purchasing an additional 188 shares during the period. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor in the fourth quarter worth $35,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Floor & Decor during the first quarter valued at about $47,000.

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.