Floor & Decor (NYSE:FND) Upgraded by Gordon Haskett to “Buy” Rating

Gordon Haskett upgraded shares of Floor & Decor (NYSE:FND) from a hold rating to a buy rating in a research report released on Friday morning, Marketbeat Ratings reports. They currently have $120.00 price target on the stock.

A number of other research analysts have also issued reports on the stock. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. 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 report on Monday, November 4th. The Goldman Sachs Group cut 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. JPMorgan Chase & Co. increased their target price on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $100.00 in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Hold” and an average price target of $106.16.

Floor & Decor Stock Performance

NYSE:FND opened at $94.25 on Friday. The stock has a 50 day simple moving average of $99.62 and a 200 day simple moving average of $105.93. The stock has a market cap of $10.11 billion, a P/E ratio of 52.36, a PEG ratio of 19.57 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. Research analysts anticipate that Floor & Decor will post 1.72 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FND. Blue Trust Inc. grew its holdings in Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the last quarter. Quarry LP acquired a new position in shares of Floor & Decor during the third quarter worth $34,000. Huntington National Bank grew its stake in shares of 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 purchasing an additional 188 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Floor & Decor in the fourth quarter valued at $35,000. Finally, Bank of Jackson Hole Trust bought a new position in Floor & Decor during the 4th quarter worth $49,000.

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.