Floor & Decor (NYSE:FND) Given New $90.00 Price Target at Citigroup

Floor & Decor (NYSE:FNDGet Rating) had its price target increased by investment analysts at Citigroup from $89.00 to $90.00 in a report issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price suggests a potential upside of 21.57% from the stock’s previous close.

FND has been the topic of a number of other reports. Telsey Advisory Group cut their price target on Floor & Decor from $105.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, October 31st. William Blair reiterated an “outperform” rating on shares of Floor & Decor in a report on Thursday, August 11th. Morgan Stanley lowered their price target on shares of Floor & Decor from $100.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, November 4th. Piper Sandler cut their price objective on shares of Floor & Decor from $80.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, November 4th. Finally, Robert W. Baird cut their price objective on shares of Floor & Decor from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Floor & Decor currently has an average rating of “Moderate Buy” and a consensus price target of $92.93.

Floor & Decor Stock Down 1.6 %

Shares of Floor & Decor stock opened at $74.03 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.17. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 1.16 and a beta of 1.76. The firm’s 50-day moving average is $72.46 and its two-hundred day moving average is $75.35. Floor & Decor has a 1 year low of $59.91 and a 1 year high of $134.95.

Floor & Decor (NYSE:FNDGet Rating) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.04. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 6.75% and a return on equity of 18.96%. As a group, research analysts expect that Floor & Decor will post 2.71 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Several large investors have recently bought and sold shares of the stock. FourThought Financial LLC grew its position in Floor & Decor by 47.9% during the 3rd quarter. FourThought Financial LLC now owns 463 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. Balyasny Asset Management LLC acquired a new stake in Floor & Decor during the 3rd quarter valued at approximately $11,605,000. Baird Financial Group Inc. lifted its stake in Floor & Decor by 5.2% during the 3rd quarter. Baird Financial Group Inc. now owns 664,673 shares of the company’s stock valued at $46,700,000 after acquiring an additional 32,621 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Floor & Decor by 0.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 180,996 shares of the company’s stock valued at $12,718,000 after acquiring an additional 1,030 shares during the period. Finally, Disciplined Growth Investors Inc. MN acquired a new stake in Floor & Decor during the 3rd quarter valued at approximately $28,268,000.

About Floor & Decor

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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