Floor & Decor (NYSE:FND) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Floor & Decor (NYSE:FND) from a sell rating to a hold rating in a report published on Saturday morning.

A number of other research firms have also recently weighed in on FND. Mizuho dropped their price target on Floor & Decor from $100.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Stifel Nicolaus dropped their price target on Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Loop Capital dropped their price target on Floor & Decor from $95.00 to $75.00 and set a “hold” rating for the company in a report on Tuesday, May 6th. Robert W. Baird dropped 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. Finally, The Goldman Sachs Group decreased their price objective on Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $93.56.

Floor & Decor Trading Up 4.7%

Floor & Decor stock opened at $74.80 on Friday. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $126.24. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $73.58 and a two-hundred day moving average price of $89.55. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 19.06 and a beta of 1.71.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $0.46 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Floor & Decor will post 2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank lifted its holdings in Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after acquiring an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new position in Floor & Decor during the fourth quarter worth about $35,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after acquiring an additional 152 shares in the last quarter. Blue Trust Inc. lifted its holdings in Floor & Decor by 59.9% during the fourth quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after acquiring an additional 166 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Floor & Decor during the first quarter worth about $47,000.

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.