Floor & Decor (NYSE:FND) had its target price lowered by Citigroup from $44.00 to $40.00 in a research note released on Monday morning. The firm currently has a buy rating on the stock.
A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Floor & Decor from a sell rating to a hold rating in a report on Monday, November 26th. ValuEngine upgraded shares of Floor & Decor from a sell rating to a hold rating in a report on Thursday, November 15th. Morgan Stanley began coverage on shares of Floor & Decor in a report on Monday, November 12th. They set an equal weight rating and a $33.00 price target on the stock. William Blair reiterated an outperform rating on shares of Floor & Decor in a report on Monday, November 12th. Finally, JPMorgan Chase & Co. increased their price target on shares of Floor & Decor from $27.00 to $30.00 and gave the company a neutral rating in a report on Friday, November 2nd. Ten analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $42.56.
NYSE:FND opened at $32.25 on Monday. Floor & Decor has a 52 week low of $24.01 and a 52 week high of $58.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 1.50. The company has a market cap of $3.14 billion, a PE ratio of 46.49, a PEG ratio of 1.36 and a beta of 0.21.
Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.02. Floor & Decor had a net margin of 8.80% and a return on equity of 19.82%. The firm had revenue of $435.90 million for the quarter, compared to analysts’ expectations of $428.88 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. As a group, equities analysts predict that Floor & Decor will post 0.95 earnings per share for the current fiscal year.
In related news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $37.00, for a total value of $286,531,996.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of FND. Capital World Investors bought a new position in Floor & Decor in the third quarter worth approximately $63,810,000. Marshall Wace LLP bought a new position in Floor & Decor in the third quarter worth approximately $57,988,000. FMR LLC raised its position in Floor & Decor by 269.4% in the third quarter. FMR LLC now owns 2,388,850 shares of the company’s stock worth $72,071,000 after acquiring an additional 1,742,131 shares during the period. Timucuan Asset Management Inc. FL bought a new position in Floor & Decor in the third quarter worth approximately $39,148,000. Finally, TIAA CREF Investment Management LLC raised its position in Floor & Decor by 1,506.1% in the third quarter. TIAA CREF Investment Management LLC now owns 1,357,762 shares of the company’s stock worth $40,964,000 after acquiring an additional 1,273,225 shares during the period.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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