Floor & Decor (NYSE:FND) Raised to Buy at Gordon Haskett

Gordon Haskett upgraded shares of Floor & Decor (NYSE:FND - Free Report) from a hold rating to a buy rating in a research note published on Friday morning, MarketBeat Ratings reports. They currently have $120.00 price objective on the stock.

Several other brokerages have also recently issued reports on FND. Stifel Nicolaus upped their target price on Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a report on Monday, November 4th. Wedbush lowered Floor & Decor from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Mizuho lifted their target price on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. Barclays raised shares of Floor & Decor from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Piper Sandler decreased their price target on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. 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 stock. Based on data from MarketBeat, Floor & Decor has an average rating of "Hold" and an average price target of $106.68.

Floor & Decor Price Performance

NYSE FND traded up $1.76 on Friday, hitting $96.03. The company had a trading volume of 234,519 shares, compared to its average volume of 1,587,248. The company's fifty day moving average price is $99.62 and its 200-day moving average price is $106.06. Floor & Decor has a 12-month low of $89.06 and a 12-month high of $135.67. The company has a market capitalization of $10.30 billion, a PE ratio of 50.56, a PEG ratio of 19.06 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data 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 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 the consensus estimate of $1.08 billion. As a group, analysts predict that Floor & Decor will post 2 earnings per share for the current year.

Institutional Trading of Floor & Decor

Institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System increased its holdings in shares of Floor & Decor by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock valued at $2,971,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company's stock worth $386,000 after buying an additional 110 shares in the last quarter. Advisory Research Inc. lifted its holdings in shares of Floor & Decor by 0.7% in the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock valued at $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock valued at $341,000 after buying an additional 120 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock worth $652,000 after buying an additional 122 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.