Floor & Decor (NYSE:FND) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Floor & Decor (NYSE:FND) from a hold rating to a buy rating in a research note issued to investors on Monday morning, Marketbeat reports. They currently have $110.00 target price on the stock, up from their prior target price of $100.00.

FND has been the subject of a number of other research reports. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, February 21st. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and cut their target price for the company from $110.00 to $100.00 in a research report on Friday, February 14th. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Finally, Wells Fargo & Company lifted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $106.68.

Floor & Decor Stock Performance

NYSE FND opened at $102.46 on Monday. 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 1-year low of $89.06 and a 1-year high of $135.67. The business has a 50 day simple moving average of $99.27 and a two-hundred day simple moving average of $106.03. The stock has a market capitalization of $10.99 billion, a PE ratio of 53.93, a P/E/G ratio of 19.06 and a beta of 1.83.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating 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 firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. On average, research analysts predict that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently modified their holdings of the business. Louisiana State Employees Retirement System raised its stake in Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after buying an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after purchasing an additional 110 shares during the last quarter. Advisory Research Inc. boosted its position in Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC grew its stake in Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after purchasing an additional 122 shares during 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.