Floor & Decor (NYSE:FND) Downgraded to Hold Rating by Gordon Haskett

Floor & Decor (NYSE:FND - Get Free Report) was downgraded by research analysts at Gordon Haskett from a "buy" rating to a "hold" rating in a research note issued to investors on Friday, Marketbeat reports.

Other equities research analysts have also issued research reports about the stock. 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. JPMorgan Chase & Co. upped their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a research note on Friday, February 21st. Piper Sandler cut their target price on Floor & Decor from $103.00 to $90.00 and set a "neutral" rating on the stock in a research note on Monday, March 24th. Finally, Stifel Nicolaus raised Floor & Decor from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $103.56.

Floor & Decor Stock Up 11.7 %

Shares of NYSE:FND traded up $8.16 during trading on Friday, hitting $78.05. The stock had a trading volume of 4,066,852 shares, compared to its average volume of 1,644,787. The company has a market capitalization of $8.38 billion, a PE ratio of 41.08, a PEG ratio of 19.06 and a beta of 1.86. 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 firm's fifty day moving average is $89.81 and its 200 day moving average is $100.64. Floor & Decor has a 12 month low of $64.71 and a 12 month high of $126.74.

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Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

Several large investors have recently modified their holdings of the company. Capital Research Global Investors boosted its position in Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares during the last quarter. D. E. Shaw & Co. Inc. lifted 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 purchasing an additional 1,316,484 shares during the period. Fisher Funds Management LTD purchased a new position in shares of Floor & Decor in the fourth quarter worth approximately $128,797,000. Marshall Wace LLP bought a new stake in Floor & Decor during the fourth quarter valued at approximately $109,574,000. Finally, Madison Investment Advisors LLC purchased a new stake in Floor & Decor during the fourth quarter valued at approximately $97,552,000.

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.