Telsey Advisory Group Reaffirms "Outperform" Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Telsey Advisory Group in a research note issued on Monday,Benzinga reports. They currently have a $115.00 price target on the stock. Telsey Advisory Group's target price suggests a potential upside of 58.03% from the stock's current price.

Several other research analysts have also commented on FND. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Wedbush lowered shares of Floor & Decor from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Evercore ISI cut their price target on shares of Floor & Decor from $95.00 to $90.00 and set an "in-line" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and upped their price objective for the company from $100.00 to $110.00 in a report on Monday, February 24th. Finally, The Goldman Sachs Group cut Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $103.56.

Floor & Decor Stock Down 0.3 %

NYSE FND opened at $72.77 on Monday. The business has a fifty day moving average price of $82.19 and a 200 day moving average price of $96.15. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a market cap of $7.82 billion, a P/E ratio of 38.30, a P/E/G ratio of 19.06 and a beta of 1.86. Floor & Decor has a one year low of $66.01 and a one year high of $126.74.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Research analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FND. Wilmington Savings Fund Society FSB purchased a new position in shares of Floor & Decor during the third quarter worth about $74,000. Tidal Investments LLC raised its stake in shares of Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after purchasing an additional 130 shares during the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Floor & Decor by 20.0% during the third quarter. Retirement Systems of Alabama now owns 158,440 shares of the company's stock worth $19,673,000 after purchasing an additional 26,362 shares during the period. Principal Financial Group Inc. grew its position in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock valued at $66,872,000 after buying an additional 30,310 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after buying an additional 223,332 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.