Telsey Advisory Group Reiterates Market Perform Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research report issued on Friday, Benzinga reports. They currently have a $95.00 price objective on the stock. Telsey Advisory Group’s target price points to a potential downside of 8.72% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Guggenheim reduced their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company dropped their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Friday, July 26th. Evercore ISI reduced their target price on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus raised their price target on shares of Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 30th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.42.

Floor & Decor Trading Up 0.3 %

Shares of NYSE FND opened at $104.07 on Friday. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67. The firm has a market cap of $11.14 billion, a PE ratio of 50.28, a price-to-earnings-growth ratio of 15.35 and a beta of 1.80. The business has a fifty day simple moving average of $112.30 and a two-hundred day simple moving average of $109.37. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. Analysts expect that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Capital Research Global Investors boosted its position in Floor & Decor by 20.4% in the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after buying an additional 1,334,650 shares during the last quarter. XN LP purchased a new position in shares of Floor & Decor during the second quarter worth $70,177,000. Lord Abbett & CO. LLC acquired a new position in Floor & Decor during the first quarter valued at $24,791,000. Natixis Advisors LLC boosted its holdings in Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after purchasing an additional 173,518 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Floor & Decor during the 2nd quarter worth about $14,953,000.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.