Floor & Decor (NYSE:FND) Price Target Raised to $105.00 at Wells Fargo & Company

Floor & Decor (NYSE:FND) had its price objective lifted by Wells Fargo & Company from $95.00 to $105.00 in a research report sent to investors on Monday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other research analysts also recently commented on the stock. Robert W. Baird cut 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. Evercore ISI reduced their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Citigroup lowered their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Truist Financial cut their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Piper Sandler decreased their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.24.

Floor & Decor Stock Up 2.1 %

Shares of NYSE:FND opened at $102.96 on Monday. The business’s 50 day moving average is $111.85 and its 200 day moving average is $108.87. The stock has a market cap of $11.02 billion, a P/E ratio of 49.74, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. Sell-side analysts predict that Floor & Decor will post 1.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Floor & Decor by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after purchasing an additional 30,310 shares during the last quarter. Silver Coast Investments LLC lifted its holdings in shares of Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after purchasing an additional 150 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in shares of Floor & Decor by 17.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,549 shares of the company’s stock worth $317,000 after purchasing an additional 386 shares during the period. State of Alaska Department of Revenue boosted its position in Floor & Decor by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 12,400 shares of the company’s stock valued at $1,539,000 after buying an additional 840 shares during the last quarter. Finally, PFG Investments LLC acquired a new position in Floor & Decor in the 3rd quarter worth approximately $1,251,000.

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.