Wells Fargo & Company Increases Floor & Decor (NYSE:FND) Price Target to $105.00

Floor & Decor (NYSE:FND - Get Free Report) had its target price raised by equities research analysts at Wells Fargo & Company from $95.00 to $105.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price target points to a potential upside of 3.13% from the stock's current price.

Several other brokerages also recently weighed in on FND. Guggenheim lowered their price objective on Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Truist Financial cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, July 10th. Evercore ISI lowered their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an "in-line" rating for the company in a research note on Tuesday, July 2nd. Citigroup cut their target price on Floor & Decor from $109.00 to $104.00 and set a "neutral" rating on the stock in a research note on Friday, July 19th. Finally, Melius Research began coverage on Floor & Decor in a research report on Monday, September 23rd. They set a "sell" rating and a $80.00 price target for the company. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Floor & Decor has a consensus rating of "Hold" and a consensus target price of $104.76.

Floor & Decor Price Performance

FND traded down $0.21 on Monday, reaching $101.81. The company had a trading volume of 2,225,880 shares, compared to its average volume of 1,420,478. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 49.20, a P/E/G ratio of 13.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The business has a 50 day simple moving average of $112.24 and a 200 day simple moving average of $109.10.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.66 EPS. The firm's revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Floor & Decor will post 1.67 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently modified their holdings of FND. Wealth Enhancement Advisory Services LLC raised its holdings in Floor & Decor by 5.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,066 shares of the company's stock worth $1,046,000 after buying an additional 404 shares during the last quarter. State of Michigan Retirement System raised its holdings in Floor & Decor by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 26,200 shares of the company's stock worth $3,396,000 after acquiring an additional 600 shares during the last quarter. Norden Group LLC bought a new position in Floor & Decor in the 1st quarter valued at approximately $452,000. HB Wealth Management LLC bought a new stake in shares of Floor & Decor in the 1st quarter worth $202,000. Finally, Retirement Systems of Alabama raised its stake in shares of Floor & Decor by 0.3% in the first quarter. Retirement Systems of Alabama now owns 133,825 shares of the company's stock worth $17,346,000 after purchasing an additional 351 shares during the last quarter.

About Floor & Decor

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.