Floor & Decor’s (FND) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Floor & Decor (NYSE:FND) in a research report released on Friday,Benzinga reports. Telsey Advisory Group currently has a $80.00 target price on the stock.

Other equities analysts also recently issued reports about the company. TD Cowen increased their target price on Floor & Decor from $77.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. Barclays dropped their price objective on Floor & Decor from $78.00 to $70.00 and set a “positive” rating on the stock in a report on Thursday, January 8th. Wall Street Zen downgraded Floor & Decor from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. The Goldman Sachs Group upgraded shares of Floor & Decor from a “sell” rating to a “neutral” rating and decreased their target price for the stock from $80.00 to $71.00 in a research report on Thursday, November 13th. Finally, Stifel Nicolaus cut their price target on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $81.89.

Floor & Decor Stock Up 1.3%

FND stock opened at $70.20 on Friday. The stock has a market capitalization of $7.56 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 2.72 and a beta of 1.74. The company has a fifty day moving average of $67.20 and a 200-day moving average of $71.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. Floor & Decor has a one year low of $55.11 and a one year high of $103.87.

Institutional Trading of Floor & Decor

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in Floor & Decor in the 3rd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock valued at $27,000 after buying an additional 247 shares during the period. Clearstead Advisors LLC boosted its position in Floor & Decor by 215.7% during the fourth quarter. Clearstead Advisors LLC now owns 562 shares of the company’s stock worth $34,000 after acquiring an additional 384 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Floor & Decor in the 4th quarter worth approximately $34,000. Finally, eCIO Inc. acquired a new position in Floor & Decor in the 4th quarter valued at $41,000.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.