Floor & Decor (NYSE:FND) Downgraded by Gordon Haskett to “Hold”
Floor & Decor (NYSE:FND – Get Rating) was downgraded by investment analysts at Gordon Haskett from an “accumulate” rating to a “hold” rating in a report issued on Friday, Briefing.com reports. They presently have a $90.00 target price on the stock. Gordon Haskett’s price objective would suggest a potential downside of 9.05% from the company’s current price.
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A number of other analysts have also weighed in on the company. Sanford C. Bernstein began coverage on Floor & Decor in a research note on Tuesday, December 6th. They set an “outperform” rating and a $112.00 price objective for the company. Telsey Advisory Group dropped their price target on Floor & Decor from $105.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, October 31st. Citigroup raised their price target on Floor & Decor from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, November 23rd. Piper Sandler dropped their price target on Floor & Decor from $80.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, November 4th. Finally, Morgan Stanley raised their price target on Floor & Decor from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $92.12.
Floor & Decor Stock Performance
NYSE:FND opened at $98.96 on Friday. The firm has a market cap of $10.50 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 1.29 and a beta of 1.82. Floor & Decor has a fifty-two week low of $59.91 and a fifty-two week high of $112.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 1.41. The business has a 50 day moving average price of $81.01 and a 200-day moving average price of $78.86.
Hedge Funds Weigh In On Floor & Decor
Several institutional investors and hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its holdings in Floor & Decor by 729.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,870,442 shares of the company’s stock worth $432,563,000 after buying an additional 6,042,378 shares in the last quarter. WCM Investment Management LLC increased its holdings in Floor & Decor by 44.2% in the 3rd quarter. WCM Investment Management LLC now owns 4,317,473 shares of the company’s stock worth $307,188,000 after buying an additional 1,324,188 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Floor & Decor by 2,395.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 688,625 shares of the company’s stock worth $48,383,000 after buying an additional 718,625 shares in the last quarter. Madison Asset Management LLC bought a new stake in Floor & Decor in the 2nd quarter worth about $35,695,000. Finally, Timucuan Asset Management Inc. FL increased its holdings in Floor & Decor by 31.2% in the 3rd quarter. Timucuan Asset Management Inc. FL now owns 1,848,835 shares of the company’s stock worth $129,899,000 after buying an additional 439,430 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.
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