Robert W. Baird Cuts Floor & Decor (NYSE:FND) Price Target to $100.00

Floor & Decor (NYSE:FND) had its target price reduced by Robert W. Baird from $125.00 to $100.00 in a research report released on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a research report on Monday. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Evercore ISI reduced their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Finally, Piper Sandler reduced their price target on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and an average price target of $101.33.

Floor & Decor Trading Up 1.3 %

NYSE FND opened at $72.38 on Tuesday. Floor & Decor has a one year low of $66.01 and a one year high of $126.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 38.09, a price-to-earnings-growth ratio of 19.06 and a beta of 1.86. The company’s 50-day simple moving average is $80.36 and its two-hundred day simple moving average is $95.27.

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

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors have recently bought and sold shares of FND. Capital Research Global Investors raised its position in Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after buying an additional 5,784,573 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Floor & Decor by 106.4% during the 1st quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock valued at $243,275,000 after purchasing an additional 1,558,409 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Floor & Decor by 12,208.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock valued at $132,329,000 after purchasing an additional 1,316,484 shares in the last quarter. Fisher Funds Management LTD purchased a new position in shares of Floor & Decor during the 4th quarter valued at approximately $128,797,000. Finally, Marshall Wace LLP purchased a new position in shares of Floor & Decor during the 4th quarter valued at approximately $109,574,000.

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.