Wells Fargo & Company Has Lowered Expectations for Floor & Decor (NYSE:FND) Stock Price

Floor & Decor (NYSE:FND) had its target price lowered by research analysts at Wells Fargo & Company from $80.00 to $75.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 1.06% from the company’s current price.

A number of other analysts also recently issued reports on the company. Robert W. Baird decreased their price target on Floor & Decor from $125.00 to $100.00 and set an “outperform” rating for the company in a report on Tuesday, April 29th. Evercore ISI reduced their price target on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $110.00 to $100.00 in a report on Friday, February 14th. Guggenheim dropped their price target on Floor & Decor from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus lowered their target price on Floor & Decor from $110.00 to $92.00 and set a “buy” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor presently has an average rating of “Hold” and a consensus price target of $94.65.

Floor & Decor Stock Performance

FND opened at $74.21 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $79.84 and its 200 day moving average price is $94.87. The firm has a market capitalization of $7.97 billion, a PE ratio of 39.06, a PEG ratio of 19.06 and a beta of 1.79. Floor & Decor has a twelve month low of $66.01 and a twelve month high of $126.74.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, meeting analysts’ consensus estimates of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Trading of Floor & Decor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its stake in Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after buying an additional 100 shares during the period. Advisory Research Inc. lifted its holdings in shares of Floor & Decor by 0.7% during the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after acquiring an additional 115 shares in the last quarter. Corient Private Wealth LLC increased its holdings in Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares in the last quarter. Teacher Retirement System of Texas raised its position in Floor & Decor by 1.9% in the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after purchasing an additional 122 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after purchasing an additional 130 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.