Telsey Advisory Group Upgrades Floor & Decor (NYSE:FND) to Outperform

Floor & Decor (NYSE:FND) was upgraded by stock analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a report issued on Friday,Finviz reports. The firm presently has a $115.00 price objective on the stock, up from their prior price objective of $95.00. Telsey Advisory Group’s price target points to a potential upside of 17.40% from the stock’s current price.

Several other brokerages have also commented on FND. Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Wells Fargo & Company upped their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor has an average rating of “Hold” and an average price target of $106.22.

Floor & Decor Stock Performance

Shares of FND stock opened at $97.96 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $101.50 and a 200-day simple moving average of $105.96. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 54.42, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83. Floor & Decor has a 12-month low of $89.06 and a 12-month high of $135.67.

Institutional Investors Weigh In On Floor & Decor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor in the 3rd quarter worth about $1,090,000. Massachusetts Financial Services Co. MA increased its holdings in Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after buying an additional 333,338 shares during the last quarter. Sanctuary Advisors LLC raised its stake in Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after buying an additional 180 shares in the last quarter. Citigroup Inc. grew its position in shares of Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after acquiring an additional 16,569 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Floor & Decor by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after acquiring an additional 12,109 shares in the last quarter.

About Floor & Decor

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.