Floor & Decor (NYSE:FND) Trading Down 4.3% – Time to Sell?

Floor & Decor Holdings, Inc. (NYSE:FND)’s share price fell 4.3% during mid-day trading on Thursday . The stock traded as low as $97.09 and last traded at $97.33. 522,221 shares traded hands during trading, a decline of 65% from the average session volume of 1,475,066 shares. The stock had previously closed at $101.74.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FND. Wells Fargo & Company increased their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Piper Sandler dropped their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Stifel Nicolaus boosted their target price on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Melius Research assumed coverage on Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Stock Performance

The stock has a market capitalization of $10.51 billion, a P/E ratio of 54.45, a P/E/G ratio of 14.75 and a beta of 1.82. The stock has a 50 day simple moving average of $107.69 and a two-hundred day simple moving average of $107.33. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business’s revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Chris Bulman Inc bought a new position in Floor & Decor during the second quarter worth about $30,000. Blue Trust Inc. raised its position in shares of 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 buying an additional 196 shares in the last quarter. Quarry LP bought a new stake in shares of Floor & Decor in the third quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB bought a new position in Floor & Decor during the 3rd quarter worth $74,000. Finally, UMB Bank n.a. raised its holdings in Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after acquiring an additional 196 shares in the last quarter.

About Floor & Decor

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.