Floor & Decor (NYSE:FND) Reaches New 1-Year Low - What's Next?

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $85.81 and last traded at $86.67, with a volume of 295980 shares trading hands. The stock had previously closed at $89.36.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FND. Gordon Haskett raised shares of Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a research report on Friday, February 21st. Piper Sandler lowered their price target on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $110.00 to $100.00 in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and a consensus target price of $104.83.

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Floor & Decor Stock Performance

The company has a market cap of $9.11 billion, a P/E ratio of 44.61, a PEG ratio of 19.06 and a beta of 1.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a 50 day moving average price of $96.94 and a 200-day moving average price of $104.62.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.14. The firm had revenue of $1.11 billion during 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%. Equities analysts expect that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Floor & Decor during the 3rd quarter valued at $34,000. Huntington National Bank lifted its holdings in shares of 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 during the period. Whipplewood Advisors LLC bought a new position in Floor & Decor during the fourth quarter valued at about $35,000. Blue Trust Inc. grew its holdings in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after acquiring an additional 166 shares during the period. Finally, Bank of Jackson Hole Trust bought a new stake in Floor & Decor in the fourth quarter worth 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.