Floor & Decor (NYSE:FND) Reaches New 1-Year Low - Time to Sell?

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $80.25 and last traded at $80.44, with a volume of 1488241 shares changing hands. The stock had previously closed at $83.43.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FND. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Gordon Haskett upgraded Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research note on Friday, February 21st. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $103.56.

Floor & Decor Stock Performance

The stock has a market cap of $8.57 billion, a P/E ratio of 42.01, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. 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 stock has a 50 day simple moving average of $93.49 and a 200 day simple moving average of $102.45.

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

Institutional Trading of Floor & Decor

Institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock valued at $2,971,000 after purchasing an additional 100 shares in the last quarter. Advisory Research Inc. increased its stake in shares of Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock valued at $1,722,000 after purchasing an additional 115 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Floor & Decor by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock worth $341,000 after buying an additional 120 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock worth $652,000 after buying an additional 122 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock valued at $835,000 after buying an additional 130 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.