Floor & Decor (NYSE:FND) Price Target Increased to $80.00 by Analysts at Morgan Stanley

Floor & Decor (NYSE:FNDGet Rating) had its price objective hoisted by Morgan Stanley from $75.00 to $80.00 in a report published on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Several other research analysts have also commented on FND. Sanford C. Bernstein began coverage on shares of Floor & Decor in a research note on Tuesday, December 6th. They set an outperform rating and a $112.00 price objective for the company. Guggenheim reduced their price objective on shares of Floor & Decor to $90.00 in a research note on Tuesday, November 1st. Credit Suisse Group began coverage on shares of Floor & Decor in a research note on Monday, December 19th. They set a neutral rating and a $80.00 price objective for the company. Telsey Advisory Group reduced their price objective on shares of Floor & Decor from $105.00 to $95.00 and set an outperform rating for the company in a research note on Monday, October 31st. Finally, Piper Sandler reduced their price objective on shares of Floor & Decor from $80.00 to $66.00 and set a neutral rating for the company in a research note on Friday, November 4th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $93.63.

Floor & Decor Trading Down 1.0 %

NYSE:FND opened at $83.99 on Tuesday. Floor & Decor has a one year low of $59.91 and a one year high of $112.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 1.41. The firm has a market cap of $8.91 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.09 and a beta of 1.72. The firm has a 50-day simple moving average of $75.51 and a 200-day simple moving average of $76.76.

Floor & Decor (NYSE:FNDGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.66 by $0.04. Floor & Decor had a net margin of 6.75% and a return on equity of 18.96%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.08 billion. Equities analysts anticipate that Floor & Decor will post 2.71 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

Several large investors have recently made changes to their positions in FND. Price T Rowe Associates Inc. MD boosted its holdings in shares of Floor & Decor by 729.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,870,442 shares of the company’s stock valued at $432,563,000 after acquiring an additional 6,042,378 shares during the last quarter. WCM Investment Management LLC boosted its holdings in Floor & Decor by 44.2% during the third quarter. WCM Investment Management LLC now owns 4,317,473 shares of the company’s stock worth $307,188,000 after buying an additional 1,324,188 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Floor & Decor by 2,395.4% during the third quarter. Point72 Asset Management L.P. now owns 688,625 shares of the company’s stock worth $48,383,000 after buying an additional 718,625 shares in the last quarter. Madison Asset Management LLC purchased a new stake in Floor & Decor during the second quarter worth $35,695,000. Finally, Timucuan Asset Management Inc. FL boosted its holdings in Floor & Decor by 31.2% during the third quarter. Timucuan Asset Management Inc. FL now owns 1,848,835 shares of the company’s stock worth $129,899,000 after buying an additional 439,430 shares in the last quarter.

About Floor & Decor

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

Further Reading

Analyst Recommendations for Floor & Decor (NYSE:FND)

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