Floor & Decor (NYSE:FND) Upgraded to “Overweight” at Piper Sandler

Floor & Decor (NYSE:FND) was upgraded by Piper Sandler from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has a $80.00 price target on the stock, up from their previous price target of $75.00. Piper Sandler’s target price points to a potential upside of 31.58% from the stock’s current price.

Other analysts have also issued research reports about the company. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday. Citigroup cut their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Guggenheim decreased their price objective on Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. The Goldman Sachs Group raised their price objective on Floor & Decor from $70.00 to $80.00 and gave the stock a “sell” rating in a report on Friday, October 31st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $84.40.

Floor & Decor Trading Up 2.0%

NYSE:FND opened at $60.80 on Wednesday. The firm has a 50-day moving average price of $74.28 and a two-hundred day moving average price of $76.74. The firm has a market cap of $6.55 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 2.59 and a beta of 1.70. Floor & Decor has a 52 week low of $58.01 and a 52 week high of $122.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. Floor & Decor’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, equities analysts expect that Floor & Decor will post 2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, President Bradley Paulsen acquired 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the transaction, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. This represents a 20.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Floor & Decor by 5.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company’s stock worth $22,255,000 after acquiring an additional 13,983 shares during the period. Xponance Inc. boosted its stake in Floor & Decor by 1.2% in the first quarter. Xponance Inc. now owns 16,018 shares of the company’s stock valued at $1,289,000 after acquiring an additional 190 shares during the period. Arizona State Retirement System increased its stake in shares of Floor & Decor by 4.1% in the first quarter. Arizona State Retirement System now owns 30,758 shares of the company’s stock valued at $2,475,000 after purchasing an additional 1,212 shares during the period. CWM LLC increased its stake in Floor & Decor by 67.6% during the 1st quarter. CWM LLC now owns 2,105 shares of the company’s stock valued at $169,000 after buying an additional 849 shares during the period. Finally, MQS Management LLC bought a new stake in shares of Floor & Decor in the 1st quarter worth $245,000.

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.