Floor & Decor (NYSE:FND) Raised to Buy at Stifel Nicolaus

Floor & Decor (NYSE:FND) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Monday, MarketBeat reports. The brokerage presently has a $110.00 price objective on the stock, up from their prior price objective of $100.00. Stifel Nicolaus’ price target would indicate a potential upside of 9.67% from the company’s current price.

A number of other research firms also recently weighed in on FND. 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 research note on Friday, February 21st. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.68.

Floor & Decor Stock Up 2.8 %

Shares of FND opened at $100.31 on Monday. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 52.79, a PEG ratio of 19.06 and a beta of 1.83. Floor & Decor has a 52 week low of $89.06 and a 52 week high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The business’s fifty day moving average price is $99.26 and its two-hundred day moving average price is $106.06.

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

Institutional Trading of Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Floor & Decor during the 3rd quarter worth approximately $34,000. Blue Trust Inc. boosted its holdings in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the last quarter. Huntington National Bank grew its position in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Floor & Decor in the 4th quarter valued at $35,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Floor & Decor in the 4th quarter valued at $49,000.

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.