Floor & Decor (NYSE:FND) Rating Increased to Outperform at Telsey Advisory Group

Floor & Decor (NYSE:FND) was upgraded by stock analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research report issued on Friday,Finviz reports. The firm presently has a $115.00 price target on the stock, up from their prior price target of $95.00. Telsey Advisory Group’s price target would indicate a potential upside of 17.40% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research note on Thursday, January 30th. JPMorgan Chase & Co. raised their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday. Piper Sandler reduced 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. Finally, Stifel Nicolaus upped their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $106.22.

Floor & Decor Stock Up 2.1 %

Shares of NYSE FND opened at $97.96 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $101.50 and its two-hundred day moving average is $105.96. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of 54.42, a PEG ratio of 11.51 and a beta of 1.83.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently modified their holdings of FND. Vanguard Group Inc. grew its position in Floor & Decor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock worth $976,319,000 after purchasing an additional 133,766 shares during the last quarter. FMR LLC grew its holdings in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after buying an additional 1,291,214 shares during the last quarter. State Street Corp increased its position in Floor & Decor by 6.3% in the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after acquiring an additional 222,980 shares during the period. Wasatch Advisors LP increased its position in Floor & Decor by 3.9% in the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after acquiring an additional 85,299 shares during the period. Finally, Timucuan Asset Management Inc. FL raised its stake in Floor & Decor by 0.4% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company’s stock valued at $178,557,000 after acquiring an additional 7,329 shares during the last quarter.

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.