Floor & Decor (NYSE:FND) Cut to Neutral at Wedbush

Wedbush downgraded shares of Floor & Decor (NYSE:FND - Free Report) from an outperform rating to a neutral rating in a research report released on Friday, Marketbeat reports. The brokerage currently has $100.00 price target on the stock, down from their previous price target of $110.00. Wedbush also issued estimates for Floor & Decor's Q4 2024 earnings at $0.25 EPS, FY2024 earnings at $1.72 EPS, FY2025 earnings at $1.87 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $3.13 EPS.

A number of other research analysts also recently issued reports on the company. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Stifel Nicolaus raised their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. 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 report on Thursday, January 30th. Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company boosted their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Floor & Decor currently has an average rating of "Hold" and an average target price of $105.39.

Floor & Decor Stock Up 1.1 %

NYSE FND traded up $1.04 on Friday, reaching $98.64. The company had a trading volume of 1,440,465 shares, compared to its average volume of 1,476,899. The company's fifty day moving average is $100.68 and its 200-day moving average is $106.12. The firm has a market capitalization of $10.58 billion, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67.

Institutional Trading of Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Research Global Investors lifted its position in Floor & Decor by 76.8% during the fourth 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 during the last quarter. Vanguard Group Inc. lifted its holdings in Floor & Decor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after purchasing an additional 133,766 shares during the last quarter. FMR LLC boosted its stake in Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company's stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the period. State Street Corp grew its holdings in Floor & Decor by 6.3% in the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company's stock valued at $468,097,000 after buying an additional 222,980 shares in the last quarter. Finally, Wasatch Advisors LP increased its position in Floor & Decor by 3.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company's stock worth $279,732,000 after buying an additional 85,299 shares during the period.

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.