Floor & Decor (NYSE:FND – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Friday.
FND has been the subject of a number of other reports. Stifel Nicolaus decreased their target price on Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Piper Sandler decreased their target price on Floor & Decor from $90.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Gordon Haskett downgraded Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, April 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research report on Monday, April 28th. Finally, Wells Fargo & Company cut their price target on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $93.00.
View Our Latest Analysis on Floor & Decor
Floor & Decor Stock Performance
Floor & Decor (NYSE:FND – Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the business posted $0.46 earnings per share. Floor & Decor’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Floor & Decor will post 2 earnings per share for the current year.
Institutional Investors Weigh In On Floor & Decor
Several large investors have recently added to or reduced their stakes in FND. Capital Research Global Investors boosted its stake in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock valued at $1,327,653,000 after buying an additional 5,784,573 shares during the period. Price T Rowe Associates Inc. MD raised its position in Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock valued at $550,228,000 after purchasing an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. raised its position in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock valued at $243,275,000 after purchasing an additional 1,558,409 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock valued at $132,329,000 after purchasing an additional 1,316,484 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Floor & Decor during the fourth quarter valued at about $109,574,000.
Floor & Decor Company Profile
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.
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