Floor & Decor (NYSE:FND) Price Target Cut to $90.00 by Analysts at Piper Sandler

Floor & Decor (NYSE:FND - Get Free Report) had its price target cut by equities research analysts at Piper Sandler from $103.00 to $90.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Piper Sandler's price target would suggest a potential upside of 11.89% from the stock's current price.

FND has been the subject of a number of other research reports. The Goldman Sachs Group cut Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target for the company. in a research report on Thursday, January 30th. Telsey Advisory Group reissued an "outperform" rating and set a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Gordon Haskett raised Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 target price for the company in a research note on Friday, February 21st. Barclays upgraded 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 report on Wednesday, January 8th. Finally, Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $104.11.

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Floor & Decor Trading Down 3.6 %

Floor & Decor stock traded down $2.99 during midday trading on Monday, reaching $80.44. The stock had a trading volume of 1,488,258 shares, compared to its average volume of 1,556,598. Floor & Decor has a 52-week low of $80.25 and a 52-week high of $129.79. 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 has a market cap of $8.64 billion, a price-to-earnings ratio of 42.34, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The company has a fifty day moving average of $94.33 and a 200 day moving average of $102.94.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating 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 company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock valued at $60,067,000 after purchasing an additional 333,338 shares during the period. Conway Capital Management Inc. bought a new position in Floor & Decor during the third quarter worth about $1,090,000. Sanctuary Advisors LLC increased its holdings in shares of Floor & Decor by 7.1% in the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock valued at $338,000 after purchasing an additional 180 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Floor & Decor by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company's stock worth $85,745,000 after purchasing an additional 30,496 shares during the period. Finally, Citigroup Inc. raised its stake in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company's stock worth $9,632,000 after purchasing an additional 16,569 shares in 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.