Floor & Decor (NYSE:FND) Receives "Market Perform" Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Floor & Decor (NYSE:FND - Free Report) in a report released on Thursday morning, Benzinga reports. The brokerage currently has a $95.00 price target on the stock.

A number of other research firms have also recently weighed in on FND. Truist Financial decreased their price target on Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, July 10th. TD Cowen dropped their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "hold" rating on the stock in a research note on Friday, July 12th. Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective on the stock. Wedbush restated an "outperform" rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Finally, Robert W. Baird lowered 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. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Floor & Decor presently has a consensus rating of "Hold" and a consensus target price of $104.24.

Floor & Decor Trading Up 2.2 %

Shares of NYSE FND traded up $2.17 on Thursday, reaching $103.05. 1,907,337 shares of the company traded hands, 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 50 day moving average of $111.85 and a 200 day moving average of $108.87. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $11.03 billion, a PE ratio of 49.53, a P/E/G ratio of 13.92 and a beta of 1.80.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating 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%. The company's quarterly revenue was up .9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.61 EPS. On average, equities research analysts forecast that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vancity Investment Management Ltd boosted its stake in Floor & Decor by 1.5% in the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company's stock valued at $991,000 after acquiring an additional 111 shares during the period. King Luther Capital Management Corp raised its holdings in shares of Floor & Decor by 1.2% during the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company's stock valued at $1,092,000 after buying an additional 127 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Floor & Decor by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company's stock valued at $333,000 after buying an additional 138 shares during the last quarter. Silver Coast Investments LLC raised its holdings in shares of Floor & Decor by 5.1% during the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock valued at $382,000 after buying an additional 150 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Floor & Decor by 7.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company's stock valued at $236,000 after buying an additional 169 shares during 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.