Floor & Decor (NYSE:FND) Cut to Hold at Gordon Haskett

Gordon Haskett lowered shares of Floor & Decor (NYSE:FND) from a buy rating to a hold rating in a research note released on Friday, Marketbeat Ratings reports.

A number of other research analysts also recently commented on FND. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a research report on Thursday, January 30th. Evercore ISI lowered their price target on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Piper Sandler cut their price objective on shares of Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a report on Friday, February 21st. Finally, Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $110.00 in a research note on Monday, February 24th. Two 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $103.56.

Floor & Decor Price Performance

FND stock opened at $71.55 on Friday. The company has a market capitalization of $7.68 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The company’s fifty day moving average price is $91.82 and its 200-day moving average price is $101.55. Floor & Decor has a one year low of $66.01 and a one year high of $126.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. On average, equities analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its stake in shares of Floor & Decor by 66.2% during the third quarter. Cerity Partners LLC now owns 4,377 shares of the company’s stock valued at $543,000 after purchasing an additional 1,744 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Floor & Decor by 16.9% during the third quarter. BNP Paribas Financial Markets now owns 22,569 shares of the company’s stock worth $2,802,000 after buying an additional 3,268 shares during the period. Townsquare Capital LLC bought a new stake in Floor & Decor during the 3rd quarter valued at $227,000. Verition Fund Management LLC purchased a new position in shares of Floor & Decor in the 3rd quarter valued at $1,473,000. Finally, Benjamin Edwards Inc. raised its position in shares of Floor & Decor by 277.8% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,230 shares of the company’s stock worth $401,000 after acquiring an additional 2,375 shares in the last quarter.

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.