Evercore ISI Issues Pessimistic Forecast for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its price objective decreased by equities researchers at Evercore ISI from $95.00 to $90.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “in-line” rating on the stock. Evercore ISI’s price objective points to a potential upside of 9.66% from the stock’s previous close.

A number of other research analysts have also weighed in on FND. Piper Sandler dropped their price objective on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $110.00 in a research report on Monday, February 24th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $110.00 to $100.00 in a report on Friday, February 14th. JPMorgan Chase & Co. raised their target price on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average target price of $103.56.

Floor & Decor Trading Up 2.7 %

NYSE FND opened at $82.07 on Tuesday. The stock has a market capitalization of $8.81 billion, a P/E ratio of 43.19, a P/E/G ratio of 19.06 and a beta of 1.86. The business has a 50 day simple moving average of $93.11 and a 200 day simple moving average of $102.31. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a one year low of $78.04 and a one year high of $126.74.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Research analysts expect that Floor & Decor will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds have recently modified their holdings of FND. Quarry LP bought a new position in Floor & Decor during the third quarter valued at $34,000. Huntington National Bank grew its stake in shares of Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after acquiring an additional 188 shares during the period. Whipplewood Advisors LLC purchased a new stake in Floor & Decor in the 4th quarter worth about $35,000. Blue Trust Inc. increased its holdings in Floor & Decor by 59.9% in 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 last quarter. Finally, Bank of Jackson Hole Trust bought a new stake in Floor & Decor in the 4th quarter valued at about $49,000.

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.