Stifel Nicolaus Lowers Floor & Decor (NYSE:FND) Price Target to $92.00

Floor & Decor (NYSE:FND - Get Free Report) had its price objective decreased by investment analysts at Stifel Nicolaus from $110.00 to $92.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 25.62% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. Barclays raised Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $110.00 to $100.00 in a research note on Friday, February 14th. 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 report on Tuesday, April 1st. Piper Sandler cut their price target on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. Finally, Robert W. Baird decreased their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $94.65.

Floor & Decor Stock Down 1.0 %

NYSE FND traded down $0.76 during trading hours on Friday, reaching $73.24. 2,282,594 shares of the company's stock traded hands, compared to its average volume of 1,746,970. Floor & Decor has a 52-week low of $66.01 and a 52-week high of $126.74. 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 has a 50-day simple moving average of $79.28 and a 200 day simple moving average of $94.53. The firm has a market cap of $7.87 billion, a PE ratio of 38.55, a PEG ratio of 19.06 and a beta of 1.79.

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

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in FND. Huntington National Bank increased its holdings in Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Floor & Decor in the 4th quarter worth approximately $35,000. Blue Trust Inc. raised its stake in 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 period. Bank of Jackson Hole Trust purchased a new position in Floor & Decor during the fourth quarter valued at approximately $49,000. Finally, Allworth Financial LP boosted its position in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock worth $58,000 after purchasing an additional 182 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.