Floor & Decor (NYSE:FND) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Floor & Decor (NYSE:FND) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $103.00 to $110.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 13.44% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus boosted their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. Finally, Piper Sandler lowered their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $105.67.

Floor & Decor Trading Down 2.1 %

Floor & Decor stock opened at $96.96 on Monday. Floor & Decor has a 1 year low of $89.06 and a 1 year high of $135.67. The firm’s 50 day moving average price is $101.94 and its two-hundred day moving average price is $106.09. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 53.87, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in Floor & Decor in the third quarter valued at approximately $34,000. Blue Trust Inc. raised its holdings in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $35,000. Bank of Jackson Hole Trust bought a new stake in Floor & Decor in the fourth quarter worth $49,000. Finally, Allworth Financial LP increased its position in Floor & Decor by 46.3% during the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after buying an additional 182 shares during 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.