Floor & Decor (NYSE:FND) Price Target Lowered to $92.00 at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reiterated an "outperform" rating for Floor & Decor (FND) with a target price of $100.00, indicating a potential upside of 25.28% from its previous close.
• Several brokerages have recently lowered their price targets on FND, with consensus estimates ranging from $75.00 to $100.00, reflecting mixed ratings among analysts.
• Floor & Decor reported $1.16 billion in revenue for the last quarter, meeting analysts' expectations, and earnings per share remained stable at $0.45.

Floor & Decor (NYSE:FND - Get Free Report) had its price objective dropped by research analysts at Telsey Advisory Group from $100.00 to $92.00 in a research report issued on Monday, Marketbeat Ratings reports. The brokerage presently has an "outperform" rating on the stock. Telsey Advisory Group's price target would indicate a potential upside of 20.03% from the stock's current price.

Several other research firms also recently commented on FND. Loop Capital cut 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 report on Tuesday, May 6th. Gordon Haskett lowered shares of Floor & Decor from a "buy" rating to a "hold" rating in a report on Friday, April 4th. Mizuho reduced their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Robert W. Baird decreased their price objective on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Finally, Piper Sandler cut their target price on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $89.20.

Floor & Decor Stock Performance

NYSE FND opened at $76.65 on Monday. The firm's fifty day moving average price is $77.05 and its two-hundred day moving average price is $82.83. The stock has a market cap of $8.25 billion, a PE ratio of 40.56, a PEG ratio of 2.43 and a beta of 1.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.22. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping 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 9.32% and a net margin of 4.53%. Floor & Decor's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS. On average, equities analysts expect that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FND. Advisory Research Inc. increased its stake in Floor & Decor by 0.7% in the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock valued at $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC increased its position in Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock valued at $341,000 after buying an additional 120 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock worth $652,000 after buying an additional 122 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Floor & Decor by 5.6% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company's stock worth $200,000 after acquiring an additional 139 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after acquiring an additional 152 shares during the period.

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.