Floor & Decor (NYSE:FND) Hits New 52-Week Low - Here's What Happened

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $69.00 and last traded at $71.53, with a volume of 1993354 shares trading hands. The stock had previously closed at $82.07.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FND shares. JPMorgan Chase & Co. increased their price target 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. Gordon Haskett downgraded shares of Floor & Decor from a "buy" rating to a "hold" rating in a research note on Friday. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $110.00 in a report on Monday, February 24th. Evercore ISI dropped their target price on Floor & Decor from $95.00 to $90.00 and set an "in-line" rating on the stock in a research note on Tuesday, April 1st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $115.00 price target on shares of Floor & Decor in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $103.56.

Floor & Decor Trading Down 4.7 %

The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a market cap of $7.47 billion, a PE ratio of 36.59, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The company has a 50-day simple moving average of $89.81 and a 200 day simple moving average of $100.64.

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Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors increased its stake in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after buying an additional 5,784,573 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in 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 valued at $132,329,000 after purchasing an additional 1,316,484 shares during the last quarter. Fisher Funds Management LTD purchased a new position in Floor & Decor in the 4th quarter valued at $128,797,000. Marshall Wace LLP acquired a new stake in Floor & Decor during the 4th quarter worth $109,574,000. Finally, Madison Investment Advisors LLC purchased a new stake in shares of Floor & Decor during the fourth quarter worth $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.