Floor & Decor (NYSE:FND – Get Rating) had its price objective dropped by equities researchers at UBS Group from $120.00 to $110.00 in a research note issued to investors on Monday, The Fly reports. UBS Group’s price objective would suggest a potential upside of 42.67% from the stock’s current price.
FND has been the topic of a number of other research reports. Piper Sandler reduced their price objective on Floor & Decor from $136.00 to $102.00 in a research note on Thursday, April 7th. Wedbush reduced their price objective on Floor & Decor from $130.00 to $100.00 and set an “outperform” rating on the stock in a research note on Friday, May 6th. Robert W. Baird reduced their price objective on Floor & Decor from $130.00 to $110.00 in a research note on Monday, May 2nd. The Goldman Sachs Group downgraded Floor & Decor from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $109.00 to $64.00 in a research report on Monday, June 27th. Finally, Wells Fargo & Company lowered their target price on shares of Floor & Decor from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.00.
Floor & Decor Stock Down 0.5 %
Shares of FND opened at $77.10 on Monday. The business’s 50 day moving average is $71.15 and its 200 day moving average is $85.80. The company has a market capitalization of $8.16 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.77. Floor & Decor has a 12-month low of $59.91 and a 12-month high of $145.89. The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.14.
Floor & Decor (NYSE:FND – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. Floor & Decor had a return on equity of 20.21% and a net margin of 7.57%. The firm’s quarterly revenue was up 31.5% on a year-over-year basis. During the same quarter last year, the company earned $0.68 EPS. Research analysts expect that Floor & Decor will post 2.89 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Floor & Decor
A number of institutional investors have recently modified their holdings of the business. Truist Financial Corp lifted its stake in Floor & Decor by 6.2% in the 2nd quarter. Truist Financial Corp now owns 25,212 shares of the company’s stock worth $1,587,000 after purchasing an additional 1,470 shares in the last quarter. Trust Co. of Vermont purchased a new position in Floor & Decor in the 2nd quarter worth approximately $64,000. Ellevest Inc. lifted its stake in Floor & Decor by 44.4% in the 2nd quarter. Ellevest Inc. now owns 891 shares of the company’s stock worth $56,000 after purchasing an additional 274 shares in the last quarter. Brinker Capital Investments LLC lifted its stake in Floor & Decor by 18.7% in the 2nd quarter. Brinker Capital Investments LLC now owns 26,085 shares of the company’s stock worth $1,642,000 after purchasing an additional 4,102 shares in the last quarter. Finally, Equitable Trust Co. purchased a new position in Floor & Decor in the 2nd quarter worth approximately $211,000. 96.48% of the stock is currently owned by institutional investors and hedge funds.
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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