The Goldman Sachs Group Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its price target reduced by research analysts at The Goldman Sachs Group from $81.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 5.67% from the stock’s previous close.

A number of other equities analysts have also weighed in on FND. Evercore ISI reduced their target price 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. 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, April 28th. Stifel Nicolaus dropped their target price on Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $110.00 to $100.00 in a research report on Friday, February 14th. Finally, Robert W. Baird lowered their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $94.65.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $74.21 on Friday. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $126.74. 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 $7.97 billion, a PE ratio of 39.06, a PEG ratio of 19.06 and a beta of 1.79. The stock’s fifty day simple moving average is $79.84 and its 200 day simple moving average is $94.87.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. Floor & Decor’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. On average, research analysts predict that Floor & Decor will post 2 EPS for the current year.

Institutional Trading of Floor & Decor

A number of hedge funds have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new stake in Floor & Decor during the 3rd quarter valued at $74,000. Tidal Investments LLC lifted its stake in shares of Floor & Decor by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after buying an additional 130 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Floor & Decor by 20.0% during the 3rd quarter. Retirement Systems of Alabama now owns 158,440 shares of the company’s stock worth $19,673,000 after buying an additional 26,362 shares during the period. Principal Financial Group Inc. grew its stake in Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after buying an additional 30,310 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Floor & Decor by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after acquiring an additional 223,332 shares during the period.

Floor & Decor Company Profile

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.