Floor & Decor (NYSE:FND) Raised to “Buy” at Gordon Haskett

Floor & Decor (NYSE:FND) was upgraded by investment analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a research note issued on Friday, MarketBeat Ratings reports. The firm presently has a $120.00 price target on the stock. Gordon Haskett’s price objective would suggest a potential upside of 27.32% from the company’s current price.

A number of other research firms have also recently issued reports on FND. Piper Sandler decreased their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. The Goldman Sachs Group cut 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. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Mizuho upped their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.16.

Floor & Decor Stock Up 1.5 %

Shares of NYSE:FND opened at $94.25 on Friday. Floor & Decor has a one year low of $89.06 and a one year 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 company has a market cap of $10.11 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 19.06 and a beta of 1.83. The firm has a fifty day moving average price of $99.62 and a two-hundred day moving average price of $105.99.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data 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. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

Several hedge funds have recently made changes to their positions in FND. Capital Research Global Investors lifted its position in shares of Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after purchasing an additional 1,316,484 shares in the last quarter. FMR LLC lifted its position in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. Fisher Funds Management LTD acquired a new stake in shares of Floor & Decor during the fourth quarter worth about $128,797,000. Finally, Marshall Wace LLP purchased a new stake in shares of Floor & Decor during the fourth quarter worth approximately $109,574,000.

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.