The Goldman Sachs Group Downgrades Floor & Decor (NYSE:FND) to Sell

Floor & Decor (NYSE:FND - Get Free Report) was downgraded by stock analysts at The Goldman Sachs Group from a "neutral" rating to a "sell" rating in a research report issued on Thursday, MarketBeat.com reports. They presently have a $79.00 target price on the stock. The Goldman Sachs Group's target price points to a potential downside of 23.60% from the company's current price.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Telsey Advisory Group reiterated a "market perform" rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Piper Sandler reduced their price target 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 lifted their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Finally, Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of "Hold" and a consensus price target of $104.67.

Floor & Decor Price Performance

Floor & Decor stock traded up $1.27 during trading hours on Thursday, reaching $103.40. 813,357 shares of the stock were exchanged, compared to its average volume of 1,392,116. The stock has a 50 day moving average of $104.20 and a two-hundred day moving average of $105.56. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. 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 company has a market cap of $11.09 billion, a P/E ratio of 57.83, a price-to-earnings-growth ratio of 11.15 and a beta of 1.84.

Floor & Decor (NYSE:FND - Get Free Report) last posted 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. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the company posted $0.61 EPS. The firm's quarterly revenue was up .9% compared to the same quarter last year. Equities analysts expect that Floor & Decor will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new stake in shares of Floor & Decor during the third quarter valued at about $34,000. Blue Trust Inc. increased its position in shares of Floor & Decor by 242.0% during the third 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. Wilmington Savings Fund Society FSB bought a new stake in shares of Floor & Decor during the third quarter valued at about $74,000. UMB Bank n.a. increased its position in shares of 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 buying an additional 196 shares during the period. Finally, Trust Co. of Vermont grew its holdings in shares of Floor & Decor by 21.1% during the fourth quarter. Trust Co. of Vermont now owns 1,150 shares of the company's stock worth $115,000 after purchasing an additional 200 shares in the last quarter.

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.