Piper Sandler Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND - Free Report) had its target price trimmed by Piper Sandler from $118.00 to $103.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also issued reports on FND. Mizuho increased their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Stifel Nicolaus increased their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a report on Monday, November 4th. Telsey Advisory Group upgraded shares of Floor & Decor from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $95.00 to $115.00 in a report on Friday, February 14th. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Finally, The Goldman Sachs Group lowered shares of Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective on the stock. in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $106.16.

Floor & Decor Trading Up 1.5 %

Shares of FND stock traded up $1.41 during trading hours on Tuesday, hitting $94.25. The company had a trading volume of 4,833,841 shares, compared to its average volume of 1,630,931. The company's fifty day moving average is $99.62 and its 200 day moving average is $105.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The stock has a market capitalization of $10.11 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 19.57 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Research analysts expect that Floor & Decor will post 1.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after acquiring an additional 196 shares during the period. Quarry LP acquired a new position in shares of Floor & Decor during the third quarter worth about $34,000. Huntington National Bank increased its stake in shares of Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company's stock worth $34,000 after acquiring an additional 188 shares during the period. Whipplewood Advisors LLC purchased a new stake in Floor & Decor during the fourth quarter worth about $35,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Floor & Decor during the fourth quarter worth about $49,000.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.