Floor & Decor (NYSE:FND) PT Raised to $105.00 at Wells Fargo & Company

Floor & Decor (NYSE:FND) had its target price upped by equities researchers at Wells Fargo & Company from $95.00 to $105.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 1.94% from the company’s previous close.

A number of other research firms have also recently weighed in on FND. Robert W. Baird lowered their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Guggenheim reduced their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. TD Cowen dropped their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Citigroup dropped their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Finally, Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.76.

Floor & Decor Stock Up 1.0 %

Shares of FND traded up $0.98 on Monday, hitting $103.00. 690,538 shares of the stock traded hands, compared to its average volume of 1,413,097. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The company has a market capitalization of $11.04 billion, a PE ratio of 53.29, a P/E/G ratio of 13.92 and a beta of 1.80. The business has a 50 day simple moving average of $112.24 and a 200 day simple moving average of $109.10. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. Floor & Decor’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. As a group, equities analysts forecast that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its holdings in shares of Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares during the period. XN LP purchased a new stake in Floor & Decor in the second quarter worth $70,177,000. Lord Abbett & CO. LLC bought a new stake in shares of Floor & Decor during the first quarter worth $24,791,000. Natixis Advisors LLC increased its stake in Floor & Decor by 94.7% in the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after buying an additional 173,518 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in Floor & Decor during the 2nd quarter worth $14,953,000.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.