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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $80.25 and last traded at $80.44, with a volume of 1488241 shares. The stock had previously closed at $83.43.

Analyst Upgrades and Downgrades

A number of analysts have commented on FND shares. Piper Sandler dropped their price target on shares of Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. JPMorgan Chase & Co. upped their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and lifted their price target for the company from $100.00 to $110.00 in a research report on Monday, February 24th. The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $104.11.

Floor & Decor Stock Performance

The stock has a market capitalization of $8.65 billion, a PE ratio of 42.47, a P/E/G ratio of 19.06 and a beta of 1.95. 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 firm has a 50 day moving average of $94.33 and a 200-day moving average of $102.90.

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Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Research analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently modified their holdings of FND. Cerity Partners LLC raised its stake in shares of Floor & Decor by 66.2% during the 3rd quarter. Cerity Partners LLC now owns 4,377 shares of the company's stock worth $543,000 after purchasing an additional 1,744 shares in the last quarter. BNP Paribas Financial Markets raised its position in Floor & Decor by 16.9% during the third quarter. BNP Paribas Financial Markets now owns 22,569 shares of the company's stock valued at $2,802,000 after acquiring an additional 3,268 shares in the last quarter. Townsquare Capital LLC acquired a new stake in Floor & Decor in the third quarter valued at approximately $227,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Floor & Decor by 2.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,615 shares of the company's stock worth $2,808,000 after acquiring an additional 499 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Floor & Decor by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 280,158 shares of the company's stock worth $34,787,000 after purchasing an additional 3,103 shares during the last quarter.

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.