Floor & Decor (NYSE:FND) had its price objective decreased by research analysts at Credit Suisse Group from $50.00 to $33.00 in a research report issued to clients and investors on Wednesday. The firm currently has an “outperform” rating on the stock. Credit Suisse Group’s target price would suggest a potential upside of 22.22% from the stock’s current price.

Several other research firms have also commented on FND. Telsey Advisory Group dropped their target price on Floor & Decor from $60.00 to $54.00 and set an “outperform” rating on the stock in a report on Friday, August 3rd. TheStreet lowered Floor & Decor from a “c-” rating to a “d+” rating in a report on Friday, August 31st. UBS Group dropped their target price on Floor & Decor from $48.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, August 3rd. Guggenheim started coverage on Floor & Decor in a report on Wednesday, August 8th. They issued a “buy” rating on the stock. Finally, Loop Capital raised Floor & Decor from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Wednesday, August 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $47.35.

NYSE:FND traded down $1.70 during trading hours on Wednesday, reaching $27.00. 95,527 shares of the stock were exchanged, compared to its average volume of 1,076,953. The company has a quick ratio of 0.21, a current ratio of 1.50 and a debt-to-equity ratio of 0.29. Floor & Decor has a twelve month low of $27.07 and a twelve month high of $58.28. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of 39.13, a price-to-earnings-growth ratio of 1.26 and a beta of -1.52.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Floor & Decor had a return on equity of 19.93% and a net margin of 9.10%. The company had revenue of $434.28 million for the quarter, compared to analysts’ expectations of $436.17 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 26.2% compared to the same quarter last year. On average, sell-side analysts expect that Floor & Decor will post 0.96 EPS for the current fiscal year.

In other Floor & Decor news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of Floor & Decor stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $37.00, for a total value of $286,531,996.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.20% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Cerebellum GP LLC purchased a new stake in Floor & Decor in the 3rd quarter worth approximately $177,000. Strs Ohio acquired a new position in Floor & Decor in the 2nd quarter worth $195,000. SG Americas Securities LLC acquired a new position in Floor & Decor in the 2nd quarter worth $200,000. Pitcairn Co. acquired a new position in Floor & Decor in the 2nd quarter worth $201,000. Finally, Clinton Group Inc. acquired a new position in Floor & Decor in the 3rd quarter worth $204,000.

About Floor & Decor

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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Analyst Recommendations for Floor & Decor (NYSE:FND)

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