Floor & Decor (NYSE:FND) Reaches New 1-Year Low – Here’s Why

Floor & Decor Holdings, Inc. (NYSE:FND) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $86.17 and last traded at $87.00, with a volume of 952841 shares changing hands. The stock had previously closed at $92.05.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group lowered 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 note on Thursday, January 30th. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and raised their price objective for the company from $100.00 to $110.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. boosted their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $106.68.

Floor & Decor Stock Down 5.4 %

The firm’s 50-day moving average price is $98.96 and its 200 day moving average price is $105.88. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 45.83, a PEG ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. On average, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Floor & Decor in the 3rd quarter worth $34,000. Huntington National Bank increased its stake in shares of Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after purchasing an additional 188 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Floor & Decor during the 4th quarter worth $35,000. Blue Trust Inc. boosted its position in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after purchasing an additional 166 shares during the period. Finally, Bank of Jackson Hole Trust bought a new position in Floor & Decor in the 4th quarter worth approximately $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.