Floor & Decor (NYSE:FND) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research note issued to investors on Tuesday,Benzinga reports. Telsey Advisory Group currently has a $92.00 target price on the stock.

FND has been the topic of several other reports. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Barclays dropped their price objective on Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Guggenheim dropped their price objective on Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Wells Fargo & Company dropped their price objective on Floor & Decor from $80.00 to $75.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, Loop Capital dropped their price objective on Floor & Decor from $95.00 to $75.00 and set a “hold” rating on the stock in a report on Tuesday, May 6th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $88.56.

Floor & Decor Stock Up 6.8%

Floor & Decor stock opened at $83.58 on Tuesday. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 3.35 and a beta of 1.68. Floor & Decor has a 52 week low of $66.01 and a 52 week high of $124.68. The business’s 50-day moving average price is $78.34 and its 200 day moving average price is $81.62. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company earned $0.52 earnings per share. Floor & Decor’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Research Inc. lifted its position in Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after buying an additional 115 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Floor & Decor by 5.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock worth $200,000 after buying an additional 139 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after buying an additional 152 shares in the last quarter. MainStreet Investment Advisors LLC lifted its position in Floor & Decor by 4.7% during the second quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock worth $271,000 after buying an additional 160 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Floor & Decor by 9.5% during the second quarter. Signaturefd LLC now owns 1,917 shares of the company’s stock worth $146,000 after buying an additional 166 shares in the last quarter.

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.