Stifel Nicolaus Cuts Floor & Decor (NYSE:FND) Price Target to $97.50

Floor & Decor (NYSE:FND) had its price objective cut by Stifel Nicolaus from $100.00 to $97.50 in a research note published on Monday, Benzinga reports. They currently have a hold rating on the stock.

Other analysts also recently issued reports about the stock. Robert W. Baird lowered their price objective on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. TD Cowen cut their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, July 12th. Truist Financial decreased their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company dropped their target price on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, Guggenheim decreased their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $104.76.

Floor & Decor Stock Performance

FND opened at $100.88 on Monday. The company has a market capitalization of $10.80 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 13.92 and a beta of 1.80. The business’s 50-day moving average price is $112.00 and its two-hundred day moving average price is $108.92. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm earned $0.66 EPS. Floor & Decor’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts expect that Floor & Decor will post 1.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently made changes to their positions in the company. Vancity Investment Management Ltd lifted its holdings in Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after purchasing an additional 111 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Floor & Decor by 1.2% during the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock worth $1,092,000 after buying an additional 127 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Floor & Decor by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after acquiring an additional 138 shares during the period. Silver Coast Investments LLC boosted its position in shares of Floor & Decor by 5.1% in the third quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock valued at $382,000 after acquiring an additional 150 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Floor & Decor by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after acquiring an additional 169 shares in the last quarter.

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.