JPMorgan Chase & Co. Boosts Floor & Decor (NYSE:FND) Price Target to $110.00

Floor & Decor (NYSE:FND) had its target price raised by stock analysts at JPMorgan Chase & Co. from $103.00 to $110.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 8.88% from the stock’s current price.

Other analysts have also issued research reports about the company. Stifel Nicolaus increased their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Mizuho raised their price target 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. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th. Finally, Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $105.67.

Floor & Decor Stock Down 2.8 %

FND stock opened at $101.03 on Monday. The company’s 50 day simple moving average is $102.48 and its 200-day simple moving average is $106.04. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market capitalization of $10.83 billion, a P/E ratio of 56.13, a P/E/G ratio of 11.51 and a beta of 1.83.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently added to or reduced their stakes in FND. EverSource Wealth Advisors LLC lifted its stake in shares of Floor & Decor by 1,201.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 859 shares of the company’s stock worth $86,000 after buying an additional 793 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Floor & Decor by 16.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 26,422 shares of the company’s stock worth $2,634,000 after acquiring an additional 3,807 shares during the last quarter. Amundi boosted its holdings in Floor & Decor by 275.3% during the fourth quarter. Amundi now owns 143,374 shares of the company’s stock valued at $13,787,000 after acquiring an additional 105,176 shares during the period. Lisanti Capital Growth LLC bought a new stake in Floor & Decor during the fourth quarter valued at about $874,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Floor & Decor in the fourth quarter valued at about $54,640,000.

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.