Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) shot up 4.9% during mid-day trading on Monday . The company traded as high as $95.73 and last traded at $95.67. 247,396 shares changed hands during trading, a decline of 83% from the average session volume of 1,480,631 shares. The stock had previously closed at $91.21.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. 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. Gordon Haskett raised 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, February 21st. Piper Sandler dropped their target price on shares of Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, 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 report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $106.68.
Check Out Our Latest Stock Analysis on FND
Floor & Decor Stock Performance
The stock has a fifty day moving average price of $97.64 and a 200-day moving average price of $105.14. 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 capitalization of $9.60 billion, a price-to-earnings ratio of 47.06, a PEG ratio of 19.06 and a beta of 1.95.
Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. As a group, analysts anticipate that Floor & Decor Holdings, Inc. will post 2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Floor & Decor
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its stake in shares of Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock valued at $60,067,000 after acquiring an additional 333,338 shares during the last quarter. Conway Capital Management Inc. acquired a new stake in Floor & Decor during the 3rd quarter valued at $1,090,000. Sanctuary Advisors LLC raised its position in Floor & Decor by 7.1% in the 3rd 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. boosted its stake in Floor & Decor by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company's stock worth $103,003,000 after purchasing an additional 12,109 shares in the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company's stock worth $9,632,000 after purchasing an additional 16,569 shares during the last quarter.
About Floor & Decor
(
Get Free Report)
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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