Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $82.37 and last traded at $82.67, with a volume of 85753 shares trading hands. The stock had previously closed at $83.99.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on FND shares. The Goldman Sachs Group lowered shares of 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. Stifel Nicolaus raised shares of Floor & Decor from a "hold" rating to a "buy" rating and upped their price objective for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Friday, February 21st. Piper Sandler reduced their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $104.83.
Get Our Latest Stock Report on Floor & Decor
Floor & Decor Stock Performance
The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The company's fifty day simple moving average is $95.76 and its two-hundred day simple moving average is $103.71. The stock has a market cap of $9.05 billion, a price-to-earnings ratio of 44.33, a P/E/G ratio of 19.06 and a beta of 1.95.
Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current year.
Institutional Trading of Floor & Decor
Several institutional investors have recently made changes to their positions in FND. Capital Research Global Investors grew its stake in shares of Floor & Decor by 76.8% in the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Floor & Decor by 12,208.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock worth $132,329,000 after acquiring an additional 1,316,484 shares in the last quarter. FMR LLC grew its stake in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock worth $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD bought a new stake in shares of Floor & Decor in the 4th quarter worth $128,797,000. Finally, Marshall Wace LLP bought a new stake in shares of Floor & Decor in the 4th quarter worth $109,574,000.
Floor & Decor Company Profile
(
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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.
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