Citigroup Boosts Floor & Decor (NYSE:FND) Price Target to $90.00
Floor & Decor (NYSE:FND – Get Rating) had its price objective upped by stock analysts at Citigroup from $89.00 to $90.00 in a report issued on Wednesday, The Fly reports. Citigroup’s price target would suggest a potential upside of 19.59{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} from the company’s previous close.
FND has been the topic of several other reports. Morgan Stanley lowered their price objective on Floor & Decor from $100.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Guggenheim lowered their price objective on Floor & Decor to $90.00 in a report on Tuesday, November 1st. Piper Sandler lowered their price objective on Floor & Decor from $80.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, November 4th. Robert W. Baird lowered their price objective on Floor & Decor from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, November 4th. Finally, William Blair reiterated an “outperform” rating on shares of Floor & Decor in a report on Thursday, August 11th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.93.
Floor & Decor Price Performance
NYSE:FND opened at $75.26 on Wednesday. Floor & Decor has a 52 week low of $59.91 and a 52 week high of $134.95. The company has a quick ratio of 0.17, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $7.99 billion, a PE ratio of 29.06, a price-to-earnings-growth ratio of 1.13 and a beta of 1.76. The stock’s 50-day moving average price is $72.72 and its 200-day moving average price is $75.37.
Floor & Decor (NYSE:FND – Get Rating) last posted its earnings results on Thursday, November 3rd. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.04. Floor & Decor had a return on equity of 18.96{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a net margin of 6.75{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities analysts expect that Floor & Decor will post 2.71 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Floor & Decor by 49.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 10,278,459 shares of the company’s stock valued at $722,165,000 after buying an additional 3,408,017 shares during the period. Vanguard Group Inc. raised its position in shares of Floor & Decor by 0.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter. Vanguard Group Inc. now owns 9,098,053 shares of the company’s stock valued at $639,229,000 after buying an additional 56,747 shares during the period. BlackRock Inc. raised its position in shares of Floor & Decor by 0.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 1st quarter. BlackRock Inc. now owns 6,580,259 shares of the company’s stock valued at $533,001,000 after buying an additional 55,279 shares during the period. Abdiel Capital Advisors LP raised its position in shares of Floor & Decor by 1.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 2nd quarter. Abdiel Capital Advisors LP now owns 4,348,584 shares of the company’s stock valued at $273,787,000 after buying an additional 64,814 shares during the period. Finally, WCM Investment Management LLC raised its position in shares of Floor & Decor by 44.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the 3rd quarter. WCM Investment Management LLC now owns 4,317,473 shares of the company’s stock valued at $307,188,000 after buying an additional 1,324,188 shares during the period.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.
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