Analysts at MKM Partners started coverage on shares of Floor & Decor (NYSE:FND – Get Rating) in a research report issued on Thursday, The Fly reports. The brokerage set a “neutral” rating and a $65.00 price target on the stock. MKM Partners’ price target points to a potential upside of 1.20% from the company’s previous close.
A number of other brokerages also recently weighed in on FND. Jefferies Financial Group lowered their price objective on shares of Floor & Decor from $150.00 to $146.00 and set a “buy” rating on the stock in a research report on Thursday, March 17th. TheStreet downgraded shares of Floor & Decor from a “b” rating to a “c+” rating in a research report on Tuesday, March 22nd. Loop Capital lowered their price objective on shares of Floor & Decor from $135.00 to $105.00 and set a “hold” rating on the stock in a research report on Monday, February 28th. Piper Sandler lowered their price objective on shares of Floor & Decor from $136.00 to $102.00 in a research report on Thursday, April 7th. Finally, Wedbush lowered their price objective on shares of Floor & Decor from $130.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, May 6th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $115.46.
NYSE:FND opened at $64.23 on Thursday. The company’s 50 day moving average price is $74.83 and its 200-day moving average price is $94.58. Floor & Decor has a 52 week low of $59.91 and a 52 week high of $145.89. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 0.14. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 0.89 and a beta of 1.76.
Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Floor & Decor had a net margin of 7.57% and a return on equity of 20.21%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 31.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Floor & Decor will post 2.89 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in shares of Floor & Decor during the 1st quarter valued at $4,580,000. Walleye Capital LLC grew its stake in Floor & Decor by 41.8% during the first quarter. Walleye Capital LLC now owns 46,902 shares of the company’s stock valued at $3,799,000 after acquiring an additional 13,825 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Floor & Decor by 1.2% during the first quarter. Neuberger Berman Group LLC now owns 1,927,327 shares of the company’s stock valued at $156,117,000 after acquiring an additional 22,537 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Floor & Decor by 7.0% during the first quarter. Chicago Partners Investment Group LLC now owns 24,408 shares of the company’s stock valued at $1,688,000 after acquiring an additional 1,588 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Floor & Decor by 96.5% during the first quarter. BNP Paribas Arbitrage SA now owns 39,871 shares of the company’s stock valued at $3,230,000 after acquiring an additional 19,579 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.
About Floor & Decor (Get Rating)
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Floor & Decor right now?
Before you consider Floor & Decor, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Floor & Decor wasn’t on the list.
While Floor & Decor currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here