Floor & Decor (NYSE:FND) Upgraded at Barclays

Barclays upgraded shares of Floor & Decor (NYSE:FND) from an underweight rating to an equal weight rating in a research report report published on Wednesday, Marketbeat.com reports. The brokerage currently has $91.00 price objective on the stock, up from their prior price objective of $75.00.

FND has been the topic of several other reports. Stifel Nicolaus raised their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Mizuho upped their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler decreased their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Finally, Wells Fargo & Company upped their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.21.

Floor & Decor Price Performance

NYSE FND opened at $95.03 on Wednesday. Floor & Decor has a 1 year low of $89.06 and a 1 year high of $135.67. The stock’s 50-day moving average price is $105.00 and its two-hundred day moving average price is $105.27. The company has a market cap of $10.19 billion, a PE ratio of 52.79, a PEG ratio of 14.43 and a beta of 1.84. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business posted $0.61 EPS. The company’s revenue was up .9% on a year-over-year basis. On average, analysts predict that Floor & Decor will post 1.71 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Blue Trust Inc. grew its stake in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the last quarter. Quarry LP bought a new position in Floor & Decor in the 3rd quarter valued at $34,000. Wilmington Savings Fund Society FSB bought a new position in Floor & Decor in the 3rd quarter valued at $74,000. UMB Bank n.a. increased its stake in shares of Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying an additional 196 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Floor & Decor during the second quarter worth $147,000.

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.