Mizuho Boosts Floor & Decor (NYSE:FND) Price Target to $100.00

Floor & Decor (NYSE:FND - Get Free Report) had its price target hoisted by equities researchers at Mizuho from $98.00 to $100.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Mizuho's price objective would suggest a potential downside of 2.96% from the company's current price.

A number of other equities analysts also recently issued reports on the company. Robert W. Baird cut their target price on Floor & Decor from $127.00 to $115.00 and set an "outperform" rating for the company in a research note on Monday, July 29th. Telsey Advisory Group reiterated a "market perform" rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Thursday. Stifel Nicolaus decreased their target price on shares of Floor & Decor from $100.00 to $97.50 and set a "hold" rating on the stock in a research report on Monday. Melius Research started coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price target for the company. Finally, Guggenheim decreased their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Three equities 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's stock. According to MarketBeat, Floor & Decor presently has an average rating of "Hold" and an average price target of $104.24.

Floor & Decor Stock Performance

Shares of NYSE:FND traded up $2.17 during trading on Thursday, reaching $103.05. The company had a trading volume of 1,907,339 shares, compared to its average volume of 1,430,141. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The stock's fifty day moving average price is $111.85 and its 200 day moving average price is $108.87. The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 49.78, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. Floor & Decor's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts predict 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 the company. Vanguard Group Inc. lifted its stake in shares of Floor & Decor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company's stock worth $1,262,506,000 after purchasing an additional 81,305 shares during the period. Capital Research Global Investors lifted its position in Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company's stock worth $1,020,348,000 after buying an additional 1,334,650 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in Floor & Decor by 1.5% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company's stock worth $111,720,000 after buying an additional 16,125 shares during the last quarter. Capital International Investors grew its holdings in Floor & Decor by 7.4% in the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company's stock valued at $137,806,000 after buying an additional 73,448 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Floor & Decor by 15.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company's stock valued at $83,810,000 after acquiring an additional 115,876 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.