Floor & Decor (NYSE:FND) Rating Increased to Equal Weight at Barclays

Barclays upgraded shares of Floor & Decor (NYSE:FND - Free Report) from an underweight rating to an equal weight rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. Barclays currently has $91.00 price objective on the stock, up from their previous price objective of $75.00.

FND has been the subject of a number of other reports. Wells Fargo & Company raised their price target on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Wedbush restated an "outperform" rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Piper Sandler decreased their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $105.21.

Floor & Decor Price Performance

Shares of NYSE FND traded up $0.85 during midday trading on Wednesday, reaching $95.96. 1,458,111 shares of the company traded hands, compared to its average volume of 1,280,222. Floor & Decor has a 12 month low of $89.06 and a 12 month high of $135.67. 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 stock's 50-day simple moving average is $105.14 and its 200-day simple moving average is $105.33. The firm has a market cap of $10.29 billion, a PE ratio of 53.31, a PEG ratio of 14.43 and a beta of 1.84.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. As a group, equities analysts anticipate that Floor & Decor will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Institutional investors have recently modified their holdings of the stock. Everence Capital Management Inc. acquired a new position in Floor & Decor in the fourth quarter valued at about $306,000. GAMMA Investing LLC increased its stake in Floor & Decor by 15.1% during the 4th quarter. GAMMA Investing LLC now owns 1,619 shares of the company's stock worth $161,000 after purchasing an additional 212 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after buying an additional 223,332 shares during the period. Principal Financial Group Inc. lifted its stake in Floor & Decor by 6.0% in the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock valued at $66,872,000 after buying an additional 30,310 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Floor & Decor by 20.0% in the third quarter. Retirement Systems of Alabama now owns 158,440 shares of the company's stock valued at $19,673,000 after buying an additional 26,362 shares during the period.

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.