Floor & Decor (NYSE:FND) Price Target Cut to $90.00 by Analysts at Evercore ISI

Floor & Decor (NYSE:FND) had its price target decreased by Evercore ISI from $95.00 to $90.00 in a research report report published on Tuesday,Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

Several other analysts also recently weighed in on the company. Wedbush downgraded 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. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $75.00 to $91.00 in a research report on Wednesday, January 8th. JPMorgan Chase & Co. boosted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $103.56.

Floor & Decor Stock Down 0.8 %

FND stock opened at $79.82 on Tuesday. The stock has a market cap of $8.57 billion, a PE ratio of 42.01, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The firm’s 50-day simple moving average is $93.49 and its 200 day simple moving average is $102.45. Floor & Decor has a fifty-two week low of $78.04 and a fifty-two week high of $126.74. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

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%. As a group, sell-side analysts predict that Floor & Decor will post 2 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of FND. Capital Research Global Investors lifted its stake in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock valued at $1,327,653,000 after buying an additional 5,784,573 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of Floor & Decor by 12,208.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock valued at $132,329,000 after acquiring an additional 1,316,484 shares in the last quarter. Fisher Funds Management LTD purchased a new stake in shares of Floor & Decor in the 4th quarter valued at approximately $128,797,000. Marshall Wace LLP acquired a new position in Floor & Decor in the 4th quarter worth approximately $109,574,000. Finally, Madison Investment Advisors LLC purchased a new position in Floor & Decor during the 4th quarter worth approximately $97,552,000.

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.