Floor & Decor (NYSE:FND) Earns Market Perform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Floor & Decor (NYSE:FND - Free Report) in a report issued on Monday morning,Benzinga reports. Telsey Advisory Group currently has a $95.00 price target on the stock.

A number of other research firms also recently issued reports on FND. Mizuho boosted their price target on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday, October 31st. Citigroup cut their price target on shares of Floor & Decor from $109.00 to $104.00 and set a "neutral" rating for the company in a report on Friday, July 19th. Guggenheim lowered their target price on Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a report on Friday, August 2nd. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Finally, Wedbush reaffirmed an "outperform" rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $104.37.

Floor & Decor Price Performance

Shares of NYSE FND traded up $4.33 during trading on Monday, reaching $104.82. The company had a trading volume of 1,282,751 shares, compared to its average volume of 1,453,925. The business's 50 day moving average price is $110.92 and its 200-day moving average price is $108.61. Floor & Decor has a 52 week low of $77.82 and a 52 week high of $135.67. The stock has a market cap of $11.24 billion, a PE ratio of 55.83, a PEG ratio of 13.12 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 (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the company posted $0.61 earnings per share. The business's revenue for the quarter was up .9% on a year-over-year basis. Analysts expect that Floor & Decor will post 1.71 earnings per share for the current year.

Institutional Trading of Floor & Decor

A number of large investors have recently made changes to their positions in the business. CIBC Asset Management Inc raised its stake in Floor & Decor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company's stock valued at $386,000 after buying an additional 110 shares during the last quarter. Vancity Investment Management Ltd lifted its stake in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company's stock valued at $991,000 after acquiring an additional 111 shares during the period. King Luther Capital Management Corp lifted its holdings in shares of Floor & Decor by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company's stock valued at $1,092,000 after buying an additional 127 shares during the period. Commonwealth Equity Services LLC raised its position in Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company's stock valued at $333,000 after acquiring an additional 138 shares in the last quarter. Finally, Silver Coast Investments LLC boosted its position in Floor & Decor by 5.1% in the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock worth $382,000 after purchasing an additional 150 shares in the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.