Floor & Decor (NYSE:FND) Stock Rating Upgraded by Gordon Haskett

Floor & Decor (NYSE:FND) was upgraded by research analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a report released on Friday, MarketBeat Ratings reports. The brokerage currently has a $120.00 price objective on the stock. Gordon Haskett’s price objective points to a potential upside of 27.32% from the company’s previous close.

A number of other brokerages also recently issued reports on FND. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research report on Thursday, January 30th. Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Piper Sandler reduced their price objective on shares of 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, JPMorgan Chase & Co. upped their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $106.16.

Floor & Decor Trading Up 1.5 %

FND opened at $94.25 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm has a market capitalization of $10.11 billion, a PE ratio of 49.61, a P/E/G ratio of 19.06 and a beta of 1.83. The company’s 50-day moving average is $99.62 and its 200 day moving average is $105.99.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Quarry LP purchased a new position in Floor & Decor in the 3rd quarter valued at approximately $34,000. Blue Trust Inc. boosted its holdings in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. Huntington National Bank boosted its holdings in Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after purchasing an additional 188 shares during the period. Whipplewood Advisors LLC bought a new position in Floor & Decor in the 4th quarter valued at $35,000. Finally, Bank of Jackson Hole Trust bought a new position in Floor & Decor in the 4th quarter valued at $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.