Floor & Decor (NYSE:FND) Upgraded at Barclays

Floor & Decor (NYSE:FND) was upgraded by research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has a $91.00 target price on the stock, up from their previous target price of $75.00. Barclays‘s target price points to a potential downside of 4.22% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Melius Research began coverage on Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Stifel Nicolaus increased 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. Piper Sandler lowered their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Finally, Mizuho increased their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.21.

Floor & Decor Stock Down 2.8 %

Shares of Floor & Decor stock opened at $95.01 on Wednesday. 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 company has a 50 day moving average of $105.23 and a 200 day moving average of $105.40. The company has a market capitalization of $10.19 billion, a P/E ratio of 52.78, a P/E/G ratio of 14.43 and a beta of 1.82. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $0.61 EPS. Floor & Decor’s revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts forecast that Floor & Decor will post 1.71 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after purchasing an additional 333,338 shares during the period. Conway Capital Management Inc. acquired a new position 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% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock valued at $338,000 after buying an additional 180 shares during the last quarter. Citigroup Inc. raised its stake in Floor & Decor by 27.2% during the third quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after acquiring an additional 16,569 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Floor & Decor by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $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.