Loop Capital Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its target price dropped by Loop Capital from $95.00 to $75.00 in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a “hold” rating on the stock. Loop Capital’s price objective points to a potential upside of 2.30% from the company’s previous close.

A number of other analysts have also recently weighed in on FND. Mizuho lowered their price target on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Robert W. Baird reduced their price target on Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Evercore ISI lowered their price objective 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 reduced their target price on Floor & Decor from $90.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Finally, The Goldman Sachs Group lowered their price target on Floor & Decor from $81.00 to $70.00 and set a “sell” rating for the company in a report on Friday, May 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.56.

Floor & Decor Stock Performance

NYSE FND opened at $73.31 on Tuesday. The company has a market cap of $7.87 billion, a P/E ratio of 38.59, a P/E/G ratio of 19.06 and a beta of 1.79. The business’s 50 day moving average price is $78.34 and its 200-day moving average price is $94.23. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week 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 announced its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Floor & Decor will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Floor & Decor in the fourth quarter worth about $38,717,000. Charles Schwab Investment Management Inc. lifted its holdings in Floor & Decor by 3.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 860,026 shares of the company’s stock valued at $85,745,000 after acquiring an additional 30,496 shares during the period. Landscape Capital Management L.L.C. boosted its position in Floor & Decor by 111.7% in the 4th quarter. Landscape Capital Management L.L.C. now owns 49,932 shares of the company’s stock worth $4,978,000 after purchasing an additional 26,344 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth approximately $49,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 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.