Floor & Decor (NYSE:FND) Reaches New 12-Month Low – Here’s Why

Floor & Decor Holdings, Inc. (NYSE:FND) shares reached a new 52-week low on Friday . The stock traded as low as $80.25 and last traded at $80.44, with a volume of 1488241 shares. The stock had previously closed at $83.43.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FND. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and cut their target price for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Piper Sandler cut their price objective on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating on the stock in a research note on Monday. 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. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and boosted their price target for the company from $100.00 to $110.00 in a report on Monday, February 24th. Finally, The Goldman Sachs Group cut Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective on the stock. in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $104.11.

Floor & Decor Stock Performance

The firm has a market cap of $8.64 billion, a price-to-earnings ratio of 42.34, a PEG ratio of 19.06 and a beta of 1.95. The stock’s fifty day moving average is $94.72 and its two-hundred day moving average is $103.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

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

Hedge Funds Weigh In On Floor & Decor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Floor & Decor in the third quarter valued at $34,000. Huntington National Bank raised its position in Floor & Decor by 120.5% in 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 acquired a new stake in Floor & Decor in the 4th quarter valued at about $35,000. Blue Trust Inc. lifted its holdings in Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after acquiring an additional 166 shares during the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in shares of Floor & Decor during the 4th quarter valued at about $49,000.

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.