Floor & Decor (NYSE:FND) Given New $100.00 Price Target at Stifel Nicolaus

Floor & Decor (NYSE:FND - Get Free Report) had its price objective raised by equities researchers at Stifel Nicolaus from $97.50 to $100.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective would indicate a potential downside of 8.67% from the company's current price.

Other research analysts have also recently issued research reports about the stock. Wedbush reissued an "outperform" rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price target on the stock. Truist Financial dropped their price target on Floor & Decor from $130.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, July 10th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Thursday. Finally, JPMorgan Chase & Co. cut their target price on Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Stock Performance

Shares of FND traded up $5.73 during trading hours on Monday, hitting $109.49. The company had a trading volume of 2,147,122 shares, compared to its average volume of 1,432,402. The business has a fifty day moving average of $111.62 and a 200-day moving average of $108.79. The company has a quick ratio of 0.27, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 60.83, a PEG ratio of 13.68 and a beta of 1.83. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor's revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. Equities analysts anticipate that Floor & Decor will post 1.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Chris Bulman Inc bought a new position in shares of Floor & Decor in the second quarter valued at approximately $30,000. Blue Trust Inc. boosted its holdings 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 during the period. J.Safra Asset Management Corp grew its position in shares of Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock valued at $43,000 after purchasing an additional 372 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company's stock worth $70,000 after purchasing an additional 189 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company's stock worth $89,000 after buying an additional 196 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.