Floor & Decor (NYSE:FND) Receives New Coverage from Analysts at Melius Research

Equities researchers at Melius Research assumed coverage on shares of Floor & Decor (NYSE:FND) in a report issued on Monday, Benzinga reports. The firm set a “sell” rating and a $80.00 price target on the stock. Melius Research’s price target would suggest a potential downside of 33.69% from the stock’s current price.

FND has been the subject of a number of other research reports. Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research note on Friday, August 2nd. Guggenheim decreased their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Piper Sandler dropped their price target on Floor & Decor from $115.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Evercore ISI decreased their price objective on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Finally, Robert W. Baird dropped their target price on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, Floor & Decor has an average rating of “Hold” and a consensus target price of $102.65.

Floor & Decor Stock Performance

Shares of FND stock opened at $120.65 on Monday. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of 58.29, a PEG ratio of 2.19 and a beta of 1.79. The stock’s 50-day moving average is $104.97 and its two-hundred day moving average is $110.82.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Analysts predict that Floor & Decor will post 1.67 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Institutional investors have recently bought and sold shares of the business. Riverview Trust Co acquired a new stake in shares of Floor & Decor in the first quarter valued at about $26,000. Chris Bulman Inc acquired a new position in Floor & Decor during the 2nd quarter worth approximately $30,000. Rise Advisors LLC purchased a new position in Floor & Decor in the 1st quarter worth approximately $39,000. J.Safra Asset Management Corp grew its position in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the period.

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.