Stifel Nicolaus Issues Positive Forecast for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its target price hoisted by Stifel Nicolaus from $97.50 to $100.00 in a research report report published on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other brokerages have also weighed in on FND. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a report on Thursday, October 31st. TD Cowen decreased their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Robert W. Baird decreased their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a report on Monday, July 29th. Finally, Citigroup cut their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Price Performance

FND stock opened at $101.08 on Monday. The firm has a 50 day moving average price of $111.34 and a 200-day moving average price of $108.74. Floor & Decor has a 52-week low of $77.01 and a 52-week high of $135.67. The firm has a market capitalization of $10.83 billion, a price-to-earnings ratio of 56.16, a PEG ratio of 14.28 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the business earned $0.61 earnings per share. The business’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Floor & Decor will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Floor & Decor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock worth $1,262,506,000 after buying an additional 81,305 shares in the last quarter. Capital Research Global Investors increased its stake in Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares in the last quarter. Disciplined Growth Investors Inc. MN boosted its holdings in shares of Floor & Decor by 1.5% during the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock valued at $111,720,000 after purchasing an additional 16,125 shares during the last quarter. Capital International Investors boosted its holdings in shares of Floor & Decor by 7.4% during the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after purchasing an additional 73,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after purchasing an additional 115,876 shares during the last quarter.

Floor & Decor Company Profile

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.