Stifel Nicolaus Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND - Get Free Report) had its price target dropped by investment analysts at Stifel Nicolaus from $110.00 to $92.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' target price suggests a potential upside of 25.60% from the company's current price.

Several other analysts also recently weighed in on FND. Wells Fargo & Company set a $80.00 target price on shares of Floor & Decor in a report on Friday, April 25th. Telsey Advisory Group reissued an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Monday, April 28th. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group lowered shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Finally, Evercore ISI decreased their target price on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a research note on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, Floor & Decor has an average rating of "Hold" and a consensus price target of $93.56.

Floor & Decor Stock Up 0.2 %

Shares of NYSE:FND traded up $0.12 during trading on Friday, hitting $73.25. 804,542 shares of the company were exchanged, compared to its average volume of 1,745,030. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm's 50 day moving average price is $78.81 and its 200-day moving average price is $94.38. The stock has a market capitalization of $7.87 billion, a P/E ratio of 38.62, a PEG ratio of 19.06 and a beta of 1.79. Floor & Decor has a 12-month low of $66.01 and a 12-month high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 EPS. On average, research analysts predict that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its stake in shares of Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after purchasing an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock valued at $976,319,000 after acquiring an additional 133,766 shares during the period. Principal Financial Group Inc. boosted its holdings in Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after acquiring an additional 1,558,409 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its holdings in Floor & Decor by 0.4% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company's stock valued at $178,557,000 after acquiring an additional 7,329 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after purchasing an additional 223,332 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.