Floor & Decor (NYSE:FND) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research began coverage on shares of Floor & Decor (NYSE:FND) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued an underperform rating and a $76.00 target price on the stock.

Several other research firms also recently commented on FND. Guggenheim decreased 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. Piper Sandler decreased their price objective on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Evercore ISI decreased their price objective on Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a report on Tuesday, June 24th. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a report on Friday, June 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average target price of $87.82.

Floor & Decor Stock Down 0.2%

FND opened at $87.04 on Thursday. The company has a market cap of $9.37 billion, a P/E ratio of 44.64, a P/E/G ratio of 3.74 and a beta of 1.68. The business’s 50-day moving average price is $82.44 and its 200-day moving average price is $79.08. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $124.68.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities analysts expect that Floor & Decor will post 2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Osaic Holdings Inc. increased its holdings in Floor & Decor by 68.4% during the 2nd quarter. Osaic Holdings Inc. now owns 1,852 shares of the company’s stock valued at $142,000 after purchasing an additional 752 shares during the period. Centaurus Financial Inc. grew its holdings in shares of Floor & Decor by 10.2% during the 2nd quarter. Centaurus Financial Inc. now owns 167,994 shares of the company’s stock worth $12,761,000 after acquiring an additional 15,559 shares during the period. State of Wyoming purchased a new position in shares of Floor & Decor during the 2nd quarter worth approximately $46,000. Nomura Holdings Inc. purchased a new position in shares of Floor & Decor during the 2nd quarter worth approximately $544,000. Finally, Caxton Associates LLP grew its holdings in shares of Floor & Decor by 61.3% during the 2nd quarter. Caxton Associates LLP now owns 7,538 shares of the company’s stock worth $573,000 after acquiring an additional 2,865 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.