Gordon Haskett initiated coverage on shares of Floor & Decor (NYSE:FND) in a research note published on Thursday, Marketbeat reports. The firm issued an accumulate rating and a $50.00 price target on the stock.
A number of other research analysts have also commented on FND. Zacks Investment Research upgraded shares of Floor & Decor from a hold rating to a buy rating and set a $46.00 price objective on the stock in a research note on Monday, November 6th. Jefferies Group lifted their price objective on shares of Floor & Decor from $38.00 to $42.00 and gave the company a hold rating in a research note on Friday, November 3rd. Telsey Advisory Group restated an outperform rating and issued a $54.00 price objective (up from $47.00) on shares of Floor & Decor in a research note on Monday, January 8th. Wells Fargo & Co set a $45.00 price objective on shares of Floor & Decor and gave the company a hold rating in a research note on Monday, January 8th. Finally, Piper Jaffray Companies restated a hold rating and issued a $50.00 price objective on shares of Floor & Decor in a research note on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $45.41.
Floor & Decor (NYSE:FND) opened at $45.38 on Thursday. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.47. Floor & Decor has a one year low of $29.37 and a one year high of $51.48.
A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in Floor & Decor by 8.7% during the fourth quarter. Rhumbline Advisers now owns 19,686 shares of the company’s stock worth $958,000 after buying an additional 1,577 shares in the last quarter. Brighton Jones LLC boosted its holdings in Floor & Decor by 17.1% during the third quarter. Brighton Jones LLC now owns 11,834 shares of the company’s stock worth $461,000 after buying an additional 1,731 shares in the last quarter. Advisor Group Inc. boosted its holdings in Floor & Decor by 13.9% during the fourth quarter. Advisor Group Inc. now owns 16,626 shares of the company’s stock worth $810,000 after buying an additional 2,027 shares in the last quarter. Thompson Davis & CO. Inc. purchased a new stake in Floor & Decor during the fourth quarter worth about $110,000. Finally, FNY Partners Fund LP purchased a new stake in Floor & Decor during the third quarter worth about $116,000. 91.51% of the stock is currently owned by hedge funds and other institutional investors.
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Floor & Decor Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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