Floor & Decor’s (FND) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of Floor & Decor (NYSE:FND) in a report published on Monday,Benzinga reports. Telsey Advisory Group currently has a $95.00 price target on the stock.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. cut their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Piper Sandler lowered their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Stifel Nicolaus upped their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Guggenheim lowered their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, Robert W. Baird reduced their price objective 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 investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Trading Up 0.8 %

Shares of FND opened at $102.40 on Monday. The company’s fifty day simple moving average is $110.54 and its 200-day simple moving average is $108.48. The company has a market cap of $10.98 billion, a P/E ratio of 56.89, a P/E/G ratio of 13.27 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor has a twelve month low of $83.56 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) 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 the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. As a group, analysts expect that Floor & Decor will post 1.71 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Chris Bulman Inc purchased a new position in shares of Floor & Decor during the second quarter worth $30,000. Blue Trust Inc. lifted its holdings in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the period. J.Safra Asset Management Corp boosted its stake in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the last quarter. GAMMA Investing LLC raised its position in 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 acquiring an additional 189 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after acquiring an additional 196 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.