Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) Target Price at $104.37

Floor & Decor Holdings, Inc. (NYSE:FND) has earned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $104.37.

Several analysts have recently issued reports on FND shares. Piper Sandler lowered their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. TD Cowen reduced their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th.

Floor & Decor Stock Performance

Shares of NYSE FND opened at $100.46 on Wednesday. The firm’s fifty day moving average is $110.92 and its two-hundred day moving average is $108.63. Floor & Decor has a 52-week low of $77.01 and a 52-week high of $135.67. The company has a market cap of $10.77 billion, a P/E ratio of 55.81, a P/E/G ratio of 14.28 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The company’s revenue was up .9% compared to the same quarter last year. As a group, analysts anticipate that Floor & Decor will post 1.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FND. King Luther Capital Management Corp increased its holdings in Floor & Decor by 1.6% in the 3rd quarter. King Luther Capital Management Corp now owns 11,160 shares of the company’s stock worth $1,386,000 after buying an additional 173 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Floor & Decor during the third quarter worth $1,887,000. Thrivent Financial for Lutherans lifted its position in Floor & Decor by 8.8% during the third quarter. Thrivent Financial for Lutherans now owns 31,818 shares of the company’s stock valued at $3,951,000 after purchasing an additional 2,586 shares during the period. Natixis Advisors LLC grew its position in Floor & Decor by 14.4% during the 3rd quarter. Natixis Advisors LLC now owns 408,012 shares of the company’s stock worth $50,663,000 after purchasing an additional 51,322 shares during the period. Finally, CIBC Asset Management Inc raised its stake in shares of Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after buying an additional 110 shares during the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.