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

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reissued by equities research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They presently have a $80.00 price target on the stock. Telsey Advisory Group’s price target suggests a potential upside of 15.44% from the stock’s current price.

A number of other research firms also recently weighed in on FND. Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a research report on Wednesday, January 28th. Evercore dropped their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Wall Street Zen downgraded shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Morgan Stanley decreased their target price on shares of Floor & Decor from $90.00 to $88.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Finally, Stifel Nicolaus cut their price target on shares of Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Seven research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.84.

Floor & Decor Stock Up 0.5%

NYSE FND opened at $69.30 on Friday. The company has a 50 day moving average of $67.07 and a 200-day moving average of $71.68. Floor & Decor has a 1-year low of $55.11 and a 1-year high of $103.87. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 34.65, a PEG ratio of 2.67 and a beta of 1.74.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently made changes to their positions in the stock. Platinum Investment Management Ltd. increased its position in Floor & Decor by 14.8% during the 4th quarter. Platinum Investment Management Ltd. now owns 68,900 shares of the company’s stock worth $4,195,000 after purchasing an additional 8,900 shares in the last quarter. HRT Financial LP boosted its position in Floor & Decor by 197.1% in the fourth quarter. HRT Financial LP now owns 35,676 shares of the company’s stock valued at $2,172,000 after buying an additional 23,666 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Floor & Decor during the fourth quarter worth $427,000. Cibc World Markets Corp acquired a new position in shares of Floor & Decor during the fourth quarter worth $1,333,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Floor & Decor by 28.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,947,516 shares of the company’s stock worth $118,586,000 after buying an additional 436,338 shares in the last quarter.

About Floor & Decor

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.