Floor & Decor’s (FND) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research note issued to investors on Monday morning,Benzinga reports. They currently have a $100.00 price objective on the stock.

FND has been the subject of a number of other research reports. Robert W. Baird cut their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Wells Fargo & Company cut their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Barclays cut their price objective on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Mizuho cut their price objective on shares of Floor & Decor from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut their price objective on shares of Floor & Decor from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $89.33.

Floor & Decor Price Performance

Shares of FND opened at $78.26 on Monday. The firm has a market cap of $8.42 billion, a PE ratio of 41.41, a P/E/G ratio of 2.45 and a beta of 1.70. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $77.00 and a two-hundred day simple moving average of $82.96. Floor & Decor has a 1-year low of $66.01 and a 1-year high of $124.68.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the business earned $0.46 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Floor & Decor will post 2 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FND. Huntington National Bank boosted its holdings in shares of Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after purchasing an additional 188 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Floor & Decor during the 1st quarter valued at about $47,000. eCIO Inc. bought a new position in shares of Floor & Decor during the 1st quarter valued at about $62,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock valued at $69,000 after purchasing an additional 255 shares during the last quarter.

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.