Floor & Decor (NYSE:FND) Upgraded by Stifel Nicolaus to “Buy” Rating

Floor & Decor (NYSE:FND) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a $110.00 price target on the stock, up from their prior price target of $100.00. Stifel Nicolaus’ price objective indicates a potential upside of 16.71% from the company’s current price.

A number of other research firms also recently commented on FND. Mizuho upped their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Piper Sandler decreased their target price on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price target on shares of Floor & Decor in a report on Friday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Stock Performance

Floor & Decor stock opened at $94.25 on Monday. The stock has a fifty day moving average price of $99.62 and a 200 day moving average price of $106.06. 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 has a 52 week low of $89.06 and a 52 week high of $135.67. The firm has a market capitalization of $10.11 billion, a P/E ratio of 49.61, a PEG ratio of 19.06 and a beta of 1.83.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Equities research analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of FND. Blue Trust Inc. raised its position in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after purchasing an additional 196 shares during the period. Quarry LP acquired a new stake in Floor & Decor in the third quarter worth $34,000. Huntington National Bank lifted its stake in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after buying an additional 188 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Floor & Decor during the fourth quarter valued at $35,000. Finally, Bank of Jackson Hole Trust bought a new position in shares of Floor & Decor during the fourth quarter worth about $49,000.

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.