Floor & Decor (NYSE:FND) Given New $90.00 Price Target at Piper Sandler

Floor & Decor (NYSE:FND) had its target price reduced by Piper Sandler from $103.00 to $90.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other analysts have also issued research reports about the company. Telsey Advisory Group restated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus target price of $104.11.

Floor & Decor Trading Up 1.7 %

FND opened at $85.58 on Monday. Floor & Decor has a 52 week low of $80.82 and a 52 week high of $131.85. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock’s fifty day moving average is $95.54 and its two-hundred day moving average is $103.57. The company has a market capitalization of $9.19 billion, a P/E ratio of 45.04, a PEG ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Analysts forecast that Floor & Decor will post 2 earnings per share for the current year.

Institutional Trading of Floor & Decor

Several large investors have recently made changes to their positions in FND. Capital Research Global Investors lifted its holdings in shares of Floor & Decor by 76.8% in the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock valued at $1,327,653,000 after buying an additional 5,784,573 shares during the period. D. E. Shaw & Co. Inc. grew its position in Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock valued at $132,329,000 after buying an additional 1,316,484 shares during the period. FMR LLC increased its holdings in Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after buying an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Floor & Decor during the 4th quarter worth about $128,797,000. Finally, Marshall Wace LLP purchased a new position in shares of Floor & Decor in the 4th quarter valued at about $109,574,000.

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.