Investment analysts at Morgan Stanley began coverage on shares of Floor & Decor (NYSE:FND) in a research report issued on Monday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $33.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 3.81% from the company’s current price.

FND has been the subject of several other research reports. Telsey Advisory Group reduced their target price on shares of Floor & Decor from $60.00 to $54.00 and set an “outperform” rating for the company in a research note on Friday, August 3rd. Zacks Investment Research cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Bank of America upgraded shares of Floor & Decor from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, November 2nd. TheStreet cut shares of Floor & Decor from a “c-” rating to a “d+” rating in a research note on Friday, August 31st. Finally, UBS Group reduced their target price on shares of Floor & Decor from $48.00 to $42.00 and set a “neutral” rating for the company in a research note on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $42.78.

Shares of Floor & Decor stock opened at $31.79 on Monday. Floor & Decor has a 1 year low of $24.01 and a 1 year high of $58.28. The company has a current ratio of 1.50, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 46.07, a price-to-earnings-growth ratio of 1.35 and a beta of -0.01.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, November 1st. The company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Floor & Decor had a net margin of 8.80% and a return on equity of 19.82%. The company had revenue of $435.90 million during the quarter, compared to analysts’ expectations of $428.88 million. During the same quarter last year, the business earned $0.17 EPS. The business’s revenue was up 26.8% on a year-over-year basis. On average, research analysts forecast that Floor & Decor will post 0.95 EPS for the current year.

In related news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of the firm’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $37.00, for a total value of $286,531,996.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates raised its position in Floor & Decor by 32.4% during the second quarter. Raymond James & Associates now owns 87,768 shares of the company’s stock worth $4,330,000 after acquiring an additional 21,494 shares during the last quarter. Rehmann Capital Advisory Group raised its position in Floor & Decor by 37,708.3% during the second quarter. Rehmann Capital Advisory Group now owns 4,537 shares of the company’s stock worth $224,000 after acquiring an additional 4,525 shares during the last quarter. Janus Henderson Group PLC acquired a new position in Floor & Decor during the second quarter worth about $257,000. NumerixS Investment Technologies Inc acquired a new position in Floor & Decor during the second quarter worth about $325,000. Finally, Centaurus Financial Inc. raised its position in Floor & Decor by 70.4% during the second quarter. Centaurus Financial Inc. now owns 131,684 shares of the company’s stock worth $6,496,000 after acquiring an additional 54,411 shares during the last quarter. Hedge funds and other institutional investors own 98.00% of the company’s stock.

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.

Read More: How Do You Calculate Return on Equity (ROE)?

Analyst Recommendations for Floor & Decor (NYSE:FND)

Receive News & Ratings for Floor & Decor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor and related companies with MarketBeat.com's FREE daily email newsletter.