Floor & Decor (NYSE:FND) Shares Down 4.3% – Here’s What Happened

Floor & Decor Holdings, Inc. (NYSE:FND) dropped 4.3% during trading on Thursday . The company traded as low as $97.09 and last traded at $97.33. Approximately 522,221 shares were traded during trading, a decline of 65% from the average daily volume of 1,475,066 shares. The stock had previously closed at $101.74.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th. Melius Research initiated coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective for the company. Stifel Nicolaus increased their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wedbush reissued an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Finally, Mizuho lifted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two equities 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Trading Up 4.0 %

The firm has a market cap of $10.87 billion, a price-to-earnings ratio of 56.32, a price-to-earnings-growth ratio of 14.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a 50 day moving average price of $106.92 and a 200 day moving average price of $107.12.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.45% and a return on equity of 9.69%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same period last year, the business earned $0.61 earnings per share. On average, research analysts expect that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its position in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after acquiring an additional 1,291,214 shares during the period. XN LP acquired a new stake in Floor & Decor in the 2nd quarter valued at about $70,177,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after buying an additional 333,338 shares during the period. State Street Corp grew its position in shares of Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after buying an additional 222,980 shares in the last quarter. Finally, Natixis Advisors LLC raised 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 valued at $35,459,000 after acquiring an additional 173,518 shares in the last quarter.

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.