Weiss Ratings Reiterates Hold (C) Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “hold (c)” rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities analysts also recently issued reports on the company. Piper Sandler lowered their price target on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, August 1st. Morgan Stanley reduced their target price on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Telsey Advisory Group reissued an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a report on Tuesday, August 12th. Guggenheim reduced their target price on Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 1st. Finally, Wolfe Research started coverage on Floor & Decor in a report on Thursday, September 18th. They set an “underperform” rating and a $76.00 target price for the company. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $88.31.

Floor & Decor Stock Performance

Shares of FND stock opened at $70.50 on Wednesday. The company has a market capitalization of $7.59 billion, a P/E ratio of 36.15, a P/E/G ratio of 3.02 and a beta of 1.70. The business’s 50 day moving average is $81.34 and its two-hundred day moving average is $77.99. 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 $122.90.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. The company 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%.Floor & Decor’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Analysts expect that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bennett Selby Investments LP increased its holdings in shares of Floor & Decor by 0.4% in the third quarter. Bennett Selby Investments LP now owns 121,810 shares of the company’s stock valued at $8,977,000 after purchasing an additional 479 shares during the last quarter. ST Germain D J Co. Inc. increased its holdings in shares of Floor & Decor by 4.0% in the third quarter. ST Germain D J Co. Inc. now owns 261,305 shares of the company’s stock valued at $19,258,000 after purchasing an additional 10,149 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $1,319,000. Steph & Co. acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $48,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of Floor & Decor in the third quarter valued at approximately $273,000.

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.