Floor & Decor (NYSE:FND) Upgraded at Gordon Haskett

Floor & Decor (NYSE:FND) was upgraded by research analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday,Finviz reports. The firm presently has a $120.00 price target on the stock. Gordon Haskett’s price target would suggest a potential upside of 29.39% from the company’s current price.

Several other brokerages have also commented on FND. Piper Sandler dropped their price target on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Telsey Advisory Group upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and raised their price target for the company from $95.00 to $115.00 in a research note on Friday, February 14th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Finally, Mizuho raised their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $106.16.

Floor & Decor Price Performance

FND opened at $92.75 on Friday. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 19.57 and a beta of 1.83. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The company’s 50-day moving average price is $99.94 and its 200 day moving average price is $105.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. As a group, sell-side analysts expect that Floor & Decor will post 1.72 earnings per share for the current year.

Institutional Trading of Floor & Decor

A number of large investors have recently added to or reduced their stakes in FND. Capital Research Global Investors boosted its holdings in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after buying an additional 5,784,573 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Floor & Decor by 12,208.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after purchasing an additional 1,316,484 shares during the period. FMR LLC boosted its stake in Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the period. Fisher Funds Management LTD acquired a new position in Floor & Decor in the 4th quarter worth approximately $128,797,000. Finally, Marshall Wace LLP acquired a new position in Floor & Decor in the 4th quarter worth approximately $109,574,000.

About Floor & Decor

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.