Floor & Decor (NYSE:FND – Get Free Report) was downgraded by equities researchers at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued on Thursday,Finviz reports. They currently have a $79.00 price target on the stock. The Goldman Sachs Group’s price target indicates a potential downside of 22.62% from the stock’s current price.
Several other analysts have also commented on the stock. Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $104.67.
Floor & Decor Stock Performance
Floor & Decor (NYSE:FND – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. 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 business posted $0.61 earnings per share. Floor & Decor’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts anticipate that Floor & Decor will post 1.71 EPS for the current fiscal year.
Institutional Investors Weigh In On Floor & Decor
A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after buying an additional 1,291,214 shares during the last quarter. State Street Corp raised its stake in Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after buying an additional 222,980 shares during the last quarter. Wasatch Advisors LP raised its stake in Floor & Decor by 3.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after buying an additional 85,299 shares during the last quarter. Geode Capital Management LLC raised its stake in Floor & Decor by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after buying an additional 24,509 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after buying an additional 223,332 shares during 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.
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