Floor & Decor (NYSE:FND) Downgraded by The Goldman Sachs Group to “Sell”

The Goldman Sachs Group lowered shares of Floor & Decor (NYSE:FND) from a neutral rating to a sell rating in a research note issued to investors on Thursday morning, MarketBeat reports. They currently have $79.00 target price on the stock.

FND has been the topic of a number of other research reports. Stifel Nicolaus lifted their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. Mizuho boosted their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $104.67.

Floor & Decor Trading Up 1.3 %

NYSE FND opened at $103.47 on Thursday. Floor & Decor has a one year low of $89.06 and a one year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market cap of $11.10 billion, a P/E ratio of 57.48, a P/E/G ratio of 11.31 and a beta of 1.84. The stock’s 50-day moving average is $104.12 and its 200-day moving average is $105.55.

Floor & Decor (NYSE:FND) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the company posted $0.61 earnings per share. The firm’s revenue was up .9% on a year-over-year basis. Sell-side analysts anticipate that Floor & Decor will post 1.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently added to or reduced their stakes in the stock. Conway Capital Management Inc. bought a new position in shares of Floor & Decor in the third quarter worth $1,090,000. Massachusetts Financial Services Co. MA grew its stake in Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after buying an additional 180 shares during the period. Citigroup Inc. raised its position in shares of Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after buying an additional 16,569 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Floor & Decor by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after acquiring an additional 12,109 shares during the period.

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.