Floor & Decor (NYSE:FND) Stock Rating Lowered by Gordon Haskett

Gordon Haskett lowered shares of Floor & Decor (NYSE:FND) from a buy rating to a hold rating in a report issued on Friday morning, MarketBeat reports.

Several other analysts also recently weighed in on the stock. Evercore ISI dropped their target price on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 1st. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $103.56.

Floor & Decor Stock Performance

Shares of FND opened at $71.55 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a market cap of $7.68 billion, a PE ratio of 37.66, a P/E/G ratio of 19.06 and a beta of 1.86. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $126.74. The stock has a fifty day moving average price of $91.82 and a 200-day moving average price of $101.55.

Floor & Decor (NYSE:FND) last released its quarterly earnings results 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 company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Equities research analysts predict that Floor & Decor will post 2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Floor & Decor during the fourth quarter valued at $38,717,000. Conway Capital Management Inc. purchased a new position in shares of Floor & Decor in the 3rd quarter valued at about $1,090,000. Sanctuary Advisors LLC increased its stake in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after purchasing an additional 180 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Floor & Decor by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock worth $85,745,000 after purchasing an additional 30,496 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Floor & Decor during the fourth quarter worth approximately $49,000.

About Floor & Decor

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.