Robert W. Baird Issues Pessimistic Forecast for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its target price decreased by research analysts at Robert W. Baird from $125.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 40.08% from the stock’s previous close.

FND has been the topic of several other reports. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $100.00 in a research note on Friday, February 14th. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a research note on Thursday, January 30th. Evercore ISI cut their price objective on Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a report on Tuesday, April 1st. JPMorgan Chase & Co. upped their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Gordon Haskett lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $101.33.

Floor & Decor Stock Performance

Shares of FND opened at $71.39 on Tuesday. Floor & Decor has a twelve month low of $66.01 and a twelve month 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. The firm’s 50 day moving average price is $80.87 and its two-hundred day moving average price is $95.54. The firm has a market cap of $7.67 billion, a P/E ratio of 37.57, a PEG ratio of 19.06 and a beta of 1.86.

Floor & Decor (NYSE:FND) last released 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. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts forecast that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

Several hedge funds and other institutional investors have recently bought and sold shares of FND. Louisiana State Employees Retirement System raised its position in shares of Floor & Decor by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after buying an additional 100 shares in the last quarter. Advisory Research Inc. increased its stake in Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after acquiring an additional 115 shares during the period. Corient Private Wealth LLC raised its holdings in Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after acquiring an additional 120 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after acquiring an additional 122 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after purchasing an additional 130 shares in the last quarter.

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.