Piper Sandler Reaffirms “Neutral” Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “neutral” rating reiterated by research analysts at Piper Sandler in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $75.00 price objective on the stock, down from their previous price objective of $78.00. Piper Sandler’s price objective would indicate a potential upside of 19.75% from the stock’s current price.

Several other equities research analysts also recently weighed in on FND. Wolfe Research assumed coverage on Floor & Decor in a research report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 target price for the company. Evercore ISI decreased their target price on Floor & Decor from $80.00 to $75.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a research report on Friday. UBS Group decreased their target price on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Floor & Decor in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $84.65.

Floor & Decor Price Performance

Shares of NYSE FND opened at $62.63 on Friday. Floor & Decor has a 1-year low of $61.77 and a 1-year high of $122.90. The business has a 50-day moving average of $77.35 and a 200-day moving average of $77.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 2.68 and a beta of 1.70.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. Floor & Decor had a return on equity of 9.48% and a net margin of 4.65%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, equities analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock valued at $550,228,000 after buying an additional 1,686,085 shares in the last quarter. Principal Financial Group Inc. raised its stake in Floor & Decor by 106.4% during the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company’s stock valued at $243,275,000 after buying an additional 1,558,409 shares in the last quarter. Durable Capital Partners LP acquired a new stake in Floor & Decor during the second quarter valued at approximately $106,221,000. Artisan Partners Limited Partnership acquired a new stake in Floor & Decor during the second quarter valued at approximately $64,450,000. Finally, Timucuan Asset Management Inc. FL raised its stake in Floor & Decor by 32.1% during the first quarter. Timucuan Asset Management Inc. FL now owns 2,366,458 shares of the company’s stock valued at $190,429,000 after buying an additional 575,520 shares in the last quarter.

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.