Floor & Decor (NYSE:FND) Raised to Buy at Stifel Nicolaus

Floor & Decor (NYSE:FND - Get Free Report) was upgraded by investment analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports. The firm presently has a $110.00 price target on the stock, up from their prior price target of $100.00. Stifel Nicolaus' price target suggests a potential upside of 16.71% from the company's current price.

A number of other equities analysts have also issued reports on FND. Wedbush lowered Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price target for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Mizuho boosted their target price on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. 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 note on Thursday, January 30th. JPMorgan Chase & Co. lifted 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, Gordon Haskett upgraded shares of Floor & Decor from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Friday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $106.68.

Floor & Decor Stock Up 1.5 %

Shares of NYSE FND opened at $94.25 on Monday. The stock has a market cap of $10.11 billion, a PE ratio of 49.61, a price-to-earnings-growth ratio of 19.06 and a beta of 1.83. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67. The business has a 50-day moving average price of $99.62 and a 200 day moving average price of $106.06. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND - Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $1.08 billion. Equities research analysts forecast that Floor & Decor will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently added to or reduced their stakes in the business. Challenger Wealth Management purchased a new stake in shares of Floor & Decor in the fourth quarter valued at about $249,000. Forum Financial Management LP acquired a new position in shares of Floor & Decor in the fourth quarter worth $202,000. Cache Advisors LLC purchased a new stake in shares of Floor & Decor in the fourth quarter valued at $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Floor & Decor by 10.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company's stock valued at $30,871,000 after acquiring an additional 29,480 shares during the last quarter. Finally, Worldly Partners Management LLC increased its position in Floor & Decor by 1.7% during the 4th quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company's stock worth $103,427,000 after purchasing an additional 17,780 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.

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