JPMorgan Chase & Co. Increases Floor & Decor (NYSE:FND) Price Target to $110.00

Floor & Decor (NYSE:FND - Get Free Report) had its price target lifted by investment analysts at JPMorgan Chase & Co. from $103.00 to $110.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 13.44% from the company's previous close.

FND has been the topic of a number of other reports. Mizuho lifted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Wedbush reiterated an "outperform" rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group cut Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target for the company. in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Floor & Decor presently has an average rating of "Hold" and a consensus price target of $105.67.

Floor & Decor Trading Down 2.1 %

Shares of FND traded down $2.04 during midday trading on Monday, reaching $96.96. The company had a trading volume of 1,266,798 shares, compared to its average volume of 1,436,281. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a 50 day simple moving average of $101.94 and a 200-day simple moving average of $106.09. The stock has a market cap of $10.40 billion, a PE ratio of 53.87, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Quarry LP purchased a new position in Floor & Decor in the third quarter valued at $34,000. Blue Trust Inc. raised its position in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company's stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Floor & Decor in the 4th quarter valued at about $35,000. Bank of Jackson Hole Trust purchased a new stake in shares of Floor & Decor during the fourth quarter worth approximately $49,000. Finally, Allworth Financial LP raised its holdings in Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company's stock valued at $58,000 after acquiring an additional 182 shares in the last quarter.

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.