Telsey Advisory Group Reiterates "Outperform" Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $115.00 price objective on the stock. Telsey Advisory Group's price target would indicate a potential upside of 19.70% from the company's previous close. Telsey Advisory Group also issued estimates for Floor & Decor's Q1 2025 earnings at $0.48 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $2.06 EPS and FY2026 earnings at $2.68 EPS.

A number of other research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. The Goldman Sachs Group cut shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Piper Sandler reduced their price target on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Mizuho boosted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus increased their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $106.68.

Floor & Decor Stock Performance

NYSE FND traded up $1.80 on Friday, hitting $96.07. 266,864 shares of the company's stock traded hands, compared to its average volume of 1,587,248. The firm has a market capitalization of $10.30 billion, a PE ratio of 50.54, a P/E/G ratio of 19.06 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The firm's 50-day moving average price is $99.62 and its two-hundred day moving average price is $106.06. 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 (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. As a group, analysts expect that Floor & Decor will post 2 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after acquiring an additional 196 shares during the last quarter. Quarry LP purchased a new position in Floor & Decor in the third quarter valued at $34,000. Huntington National Bank raised its stake in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock valued at $34,000 after buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Floor & Decor during the 4th quarter worth about $35,000. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Floor & Decor in the 4th quarter valued at about $49,000.

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.