Floor & Decor’s (FND) “Market Perform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of Floor & Decor (NYSE:FND) in a report issued on Monday,Benzinga reports. Telsey Advisory Group currently has a $95.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the stock. Robert W. Baird decreased their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price on the stock. Citigroup decreased their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Guggenheim cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Piper Sandler cut their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Price Performance

Floor & Decor stock opened at $104.26 on Monday. Floor & Decor has a 12-month low of $77.82 and a 12-month high of $135.67. The stock has a market capitalization of $11.18 billion, a P/E ratio of 57.92, a P/E/G ratio of 13.12 and a beta of 1.83. The firm’s 50-day moving average is $110.76 and its two-hundred day moving average is $108.59. 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 (NYSE:FND) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts predict that Floor & Decor will post 1.71 earnings per share for the current year.

Institutional Trading of Floor & Decor

A number of hedge funds have recently made changes to their positions in FND. Capital Research Global Investors boosted its holdings in Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares during the period. XN LP acquired a new position in Floor & Decor in the second quarter worth $70,177,000. Lord Abbett & CO. LLC acquired a new position in Floor & Decor in the first quarter worth $24,791,000. Natixis Advisors LLC boosted its holdings in Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after purchasing an additional 173,518 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in Floor & Decor in the second quarter worth $14,953,000.

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.