Floor & Decor (NYSE:FND) Upgraded to Outperform at Telsey Advisory Group

Telsey Advisory Group upgraded shares of Floor & Decor (NYSE:FND) from a market perform rating to an outperform rating in a research report released on Friday, MarketBeat Ratings reports. They currently have $115.00 price target on the stock, up from their previous price target of $95.00.

FND has been the topic of several other research reports. Wells Fargo & Company boosted their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Piper Sandler decreased their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. boosted their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Stifel Nicolaus boosted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor currently has a consensus rating of “Hold” and a consensus target price of $106.22.

Floor & Decor Price Performance

Shares of FND opened at $97.54 on Friday. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The stock’s 50 day moving average is $101.25 and its two-hundred day moving average is $105.96. The firm has a market capitalization of $10.46 billion, a PE ratio of 54.19, a P/E/G ratio of 11.51 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. West Paces Advisors Inc. raised its holdings in Floor & Decor by 5.9% in the 4th quarter. West Paces Advisors Inc. now owns 4,025 shares of the company’s stock valued at $401,000 after acquiring an additional 225 shares during the last quarter. Cypress Advisory Group LLC acquired a new position in Floor & Decor in the 4th quarter valued at $459,000. Davidson Kahn Capital Management LLC acquired a new position in Floor & Decor in the 4th quarter valued at $2,443,000. Freestone Grove Partners LP acquired a new position in Floor & Decor in the 4th quarter valued at $7,644,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Floor & Decor in the 4th quarter valued at $283,000.

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.