Telsey Advisory Group Reaffirms “Outperform” Rating for Floor & Decor (NYSE:FND)

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating restated by investment analysts at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They presently have a $115.00 target price on the stock. Telsey Advisory Group’s target price points to a potential upside of 22.02% from the company’s current price. Telsey Advisory Group also issued estimates for Floor & Decor’s Q1 2025 earnings at $0.48 EPS, Q2 2025 earnings at $0.55 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.46 EPS, FY2025 earnings at $2.06 EPS and FY2026 earnings at $2.68 EPS.

Several other research analysts have also recently issued reports on FND. Stifel Nicolaus upped their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Wells Fargo & Company increased their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Friday. Mizuho increased their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Wedbush cut shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $106.16.

Floor & Decor Trading Up 1.5 %

Shares of Floor & Decor stock opened at $94.25 on Friday. The company has a fifty day simple moving average of $99.62 and a 200-day simple moving average of $105.99. Floor & Decor has a 12-month low of $89.06 and a 12-month 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. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 49.61, a PEG ratio of 19.06 and a beta of 1.83.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, equities analysts forecast that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its holdings in shares of Floor & Decor by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc raised its position in Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after acquiring an additional 110 shares during the last quarter. Advisory Research Inc. raised its position in Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after acquiring an additional 115 shares during the last quarter. Corient Private Wealth LLC raised its position in Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after acquiring an additional 120 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock worth $652,000 after acquiring an additional 122 shares during the last quarter.

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.