Floor & Decor (NYSE:FND) Trading 5.7% Higher on Analyst Upgrade

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) shares were up 5.7% during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from $97.50 to $100.00. Stifel Nicolaus currently has a hold rating on the stock. Floor & Decor traded as high as $109.83 and last traded at $109.66. Approximately 281,184 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,423,332 shares. The stock had previously closed at $103.76.

FND has been the subject of a number of other reports. Wells Fargo & Company raised their target price on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Robert W. Baird cut their price objective on Floor & Decor from $127.00 to $115.00 and set an "outperform" rating on the stock in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their price target on Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. TD Cowen lowered their price objective on Floor & Decor from $115.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, July 12th. Finally, Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of "Hold" and a consensus target price of $104.37.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently bought and sold shares of FND. Vanguard Group Inc. boosted 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 last quarter. Capital Research Global Investors boosted its position in shares of Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company's stock worth $1,020,348,000 after acquiring an additional 1,334,650 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its position in Floor & Decor by 1.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company's stock worth $111,720,000 after purchasing an additional 16,125 shares during the last quarter. Capital International Investors raised its position in shares of Floor & Decor by 7.4% in the 1st quarter. Capital International Investors now owns 1,063,151 shares of the company's stock worth $137,806,000 after buying an additional 73,448 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Floor & Decor by 15.9% during the second 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 period.

Floor & Decor Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 60.83, a P/E/G ratio of 13.68 and a beta of 1.83. The stock's 50-day moving average is $111.62 and its 200-day moving average is $108.79.

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, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the firm posted $0.61 earnings per share. The company's revenue was up .9% compared to the same quarter last year. On average, analysts expect that Floor & Decor Holdings, Inc. will post 1.68 EPS for the current year.

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.