Floor & Decor (NYSE:FND) Trading 6.6% Higher – Here’s Why

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price was up 6.6% during trading on Monday . The company traded as high as $119.56 and last traded at $119.44. Approximately 546,494 shares changed hands during trading, a decline of 63% from the average daily volume of 1,487,005 shares. The stock had previously closed at $112.00.

Analysts Set New Price Targets

FND has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Mizuho upped their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Melius Research assumed coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Trading Down 0.6 %

The business has a 50 day moving average of $110.05 and a two-hundred day moving average of $107.95. The firm has a market cap of $12.23 billion, a P/E ratio of 63.75, a PEG ratio of 15.57 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. Analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FND. Chris Bulman Inc bought a new position in Floor & Decor during the 2nd quarter worth $30,000. Blue Trust Inc. raised its stake in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. Quarry LP bought a new stake in Floor & Decor during the third quarter worth about $34,000. J.Safra Asset Management Corp grew its stake in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.