Floor & Decor (NYSE:FND) Shares Up 7.5% - Here's Why

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report)'s share price rose 7.5% during mid-day trading on Tuesday . The company traded as high as $80.62 and last traded at $81.63. Approximately 558,034 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 1,840,334 shares. The stock had previously closed at $75.96.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Loop Capital reduced their price objective on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus reduced their price target on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Floor & Decor from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a research note on Monday, April 28th. Finally, Barclays reduced their target price on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $93.00.

Floor & Decor Trading Up 1.6%

The stock's 50 day moving average is $74.80 and its 200-day moving average is $85.64. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The company has a market cap of $8.89 billion, a PE ratio of 43.70, a P/E/G ratio of 2.36 and a beta of 1.71.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 earnings per share. As a group, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Institutional Trading of Floor & Decor

Institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in shares of Floor & Decor by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company's stock worth $296,000 after purchasing an additional 133 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Floor & Decor in the 4th quarter valued at about $371,000. Proficio Capital Partners LLC purchased a new position in shares of Floor & Decor in the 4th quarter valued at about $49,000. Smartleaf Asset Management LLC boosted its position in Floor & Decor by 38.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,563 shares of the company's stock worth $156,000 after purchasing an additional 431 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Floor & Decor by 103.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,772 shares of the company's stock valued at $276,000 after purchasing an additional 1,410 shares during the period.

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.