Floor & Decor (NYSE:FND) Upgraded by Barclays to Equal Weight Rating

Barclays upgraded shares of Floor & Decor (NYSE:FND) from an underweight rating to an equal weight rating in a research report released on Wednesday, MarketBeat reports. Barclays currently has $91.00 price objective on the stock, up from their previous price objective of $75.00.

Other equities research analysts have also issued research reports about the stock. Piper Sandler lowered their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Mizuho boosted their target price on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Telsey Advisory Group reiterated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Finally, Wedbush reiterated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and an average target price of $105.21.

Floor & Decor Stock Up 0.9 %

Shares of NYSE:FND opened at $95.96 on Wednesday. The company has a 50-day moving average price of $105.14 and a 200 day moving average price of $105.33. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor has a 12 month low of $89.06 and a 12 month high of $135.67. The company has a market cap of $10.29 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 14.43 and a beta of 1.84.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.61 EPS. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, equities research analysts predict that Floor & Decor will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FND. Massachusetts Financial Services Co. MA boosted its position in Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after purchasing an additional 333,338 shares in the last quarter. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor in the 3rd quarter valued at about $1,090,000. Sanctuary Advisors LLC grew its position in shares of Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after buying an additional 180 shares during the last quarter. Citigroup Inc. raised its stake in shares of Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after acquiring an additional 16,569 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Floor & Decor by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after acquiring an additional 12,109 shares during the last quarter.

Floor & Decor Company Profile

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.