Floor & Decor (NYSE:FND) Sets New 12-Month Low – Should You Sell?

Floor & Decor Holdings, Inc. (NYSE:FND)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as $85.81 and last traded at $86.67, with a volume of 295980 shares traded. The stock had previously closed at $89.36.

Analyst Ratings Changes

Several research firms have recently weighed in on FND. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Telsey Advisory Group reissued an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. JPMorgan Chase & Co. upped their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Finally, Gordon Haskett upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $104.83.

Floor & Decor Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The business has a 50-day moving average of $97.19 and a 200-day moving average of $104.89. The company has a market capitalization of $9.21 billion, a P/E ratio of 45.12, a P/E/G ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, sell-side analysts anticipate that Floor & Decor Holdings, Inc. will post 2 EPS for the current year.

Institutional Trading of Floor & Decor

A number of hedge funds have recently bought and sold shares of FND. Quarry LP purchased a new stake in Floor & Decor during the third quarter valued at approximately $34,000. Huntington National Bank boosted its position in shares of Floor & Decor by 120.5% in the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Floor & Decor during the 4th quarter worth $35,000. Blue Trust Inc. increased its position in Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock valued at $44,000 after buying an additional 166 shares in the last quarter. Finally, Bank of Jackson Hole Trust purchased a new stake in Floor & Decor in the fourth quarter valued at about $49,000.

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.