Floor & Decor (NYSE:FND) Shares Up 4.9% – What’s Next?

Floor & Decor Holdings, Inc. (NYSE:FND) shares shot up 4.9% during mid-day trading on Monday . The company traded as high as $95.73 and last traded at $95.67. 247,396 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,480,631 shares. The stock had previously closed at $91.21.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FND. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $110.00 in a report on Monday, February 24th. Piper Sandler decreased their price objective on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Gordon Haskett upgraded Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $106.68.

Floor & Decor Trading Down 3.2 %

The company has a market cap of $9.65 billion, a P/E ratio of 47.32, a P/E/G ratio of 19.06 and a beta of 1.95. 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 $97.64 and a two-hundred day moving average price of $105.14.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts predict that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its stake in shares of 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 purchasing an additional 100 shares during the period. CIBC Asset Management Inc grew its stake in Floor & Decor by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after acquiring an additional 110 shares during the period. Advisory Research Inc. grew its stake in Floor & Decor by 0.7% in the fourth 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 during the period. Corient Private Wealth LLC grew its stake in Floor & Decor by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after acquiring an additional 120 shares during the period. Finally, Teacher Retirement System of Texas grew its stake 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 acquiring an additional 122 shares during the period.

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.