Telsey Advisory Group Reiterates Outperform Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $80.00 target price on the stock. Telsey Advisory Group’s price target would indicate a potential upside of 15.44% from the stock’s current price.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered their price target on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Evercore cut their price objective on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. Wall Street Zen downgraded shares of Floor & Decor from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Barclays dropped their price target on shares of Floor & Decor from $78.00 to $70.00 and set a “positive” rating on the stock in a research report on Thursday, January 8th. Finally, Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $82.84.

Floor & Decor Trading Up 0.5%

Shares of NYSE:FND opened at $69.30 on Friday. The company’s 50-day moving average price is $67.07 and its two-hundred day moving average price is $71.68. Floor & Decor has a one year low of $55.11 and a one year high of $103.87. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. The stock has a market capitalization of $7.47 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.67 and a beta of 1.74.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Northwestern Mutual Wealth Management Co. raised its position in shares of Floor & Decor by 1,060,525.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after purchasing an additional 3,881,522 shares during the period. Principal Financial Group Inc. lifted its position in Floor & Decor by 46.0% during the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock worth $471,567,000 after acquiring an additional 2,015,999 shares during the last quarter. Capital World Investors boosted its holdings in shares of Floor & Decor by 37.2% during the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after acquiring an additional 1,872,892 shares during the period. Durable Capital Partners LP acquired a new position in shares of Floor & Decor in the second quarter valued at approximately $106,221,000. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Floor & Decor by 161.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,893,048 shares of the company’s stock worth $115,268,000 after purchasing an additional 1,168,084 shares during the last quarter.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.