Floor & Decor (NYSE:FND) PT Raised to $119.00 at Piper Sandler

Floor & Decor (NYSE:FND) had its target price upped by stock analysts at Piper Sandler from $95.00 to $119.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price suggests a potential downside of 1.90% from the company’s previous close.

FND has been the subject of a number of other reports. Telsey Advisory Group reduced their target price on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Truist Financial lowered their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research note on Friday, August 2nd. Melius Research initiated coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird lowered their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.85.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $121.31 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $107.22 and its 200 day moving average is $110.80. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67. The company has a market cap of $12.98 billion, a PE ratio of 58.59, a price-to-earnings-growth ratio of 2.46 and a beta of 1.79.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. Floor & Decor’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. On average, sell-side analysts forecast that Floor & Decor will post 1.67 EPS for the current year.

Institutional Trading of Floor & Decor

A number of hedge funds have recently modified their holdings of FND. Riverview Trust Co purchased a new position in Floor & Decor during the first quarter valued at approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor during the 1st quarter valued at about $39,000. Chris Bulman Inc bought a new stake in shares of Floor & Decor in the 2nd quarter valued at approximately $30,000. J.Safra Asset Management Corp raised its position in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. Finally, RiverPark Advisors LLC lifted its stake in Floor & Decor by 361.1% in the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after acquiring an additional 473 shares during the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.