Piper Sandler Cuts Floor & Decor (NYSE:FND) Price Target to $90.00

Floor & Decor (NYSE:FND) had its target price cut by Piper Sandler from $103.00 to $90.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

FND has been the subject of several other reports. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, February 21st. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Finally, The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.11.

Floor & Decor Trading Down 0.2 %

Floor & Decor stock opened at $82.81 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The business’s fifty day simple moving average is $94.99 and its two-hundred day simple moving average is $103.26. Floor & Decor has a 12 month low of $80.82 and a 12 month high of $131.76. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 43.58, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities analysts predict that Floor & Decor will post 2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently made changes to their positions in the business. Capital Research Global Investors raised its stake in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock valued at $1,327,653,000 after purchasing an additional 5,784,573 shares during the period. D. E. Shaw & Co. Inc. raised its position in shares of Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock valued at $132,329,000 after buying an additional 1,316,484 shares during the last quarter. FMR LLC lifted its holdings in shares of Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after buying an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD bought a new position in shares of Floor & Decor during the fourth quarter worth $128,797,000. Finally, Marshall Wace LLP purchased a new position in Floor & Decor during the fourth quarter valued at $109,574,000.

Floor & Decor Company Profile

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.