Floor & Decor Holdings, Inc. (NYSE:FND) Receives Consensus Recommendation of “Hold” from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has been given a consensus recommendation of “Hold” by the twenty-two brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $108.62.

FND has been the topic of a number of recent analyst reports. UBS Group reduced their price target on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Bank of America boosted their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Mizuho reduced their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $110.00 price target on shares of Floor & Decor in a research report on Monday, April 29th. Finally, Robert W. Baird restated an “outperform” rating and issued a $127.00 price target on shares of Floor & Decor in a research report on Tuesday.

Insider Activity at Floor & Decor

In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares in the company, valued at $1,589,473.21. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,778 shares of company stock valued at $5,182,791. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $4,161,000. Wellington Management Group LLP grew its position in shares of Floor & Decor by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after purchasing an additional 265,622 shares in the last quarter. Pacer Advisors Inc. bought a new position in shares of Floor & Decor during the fourth quarter worth approximately $1,767,000. Yousif Capital Management LLC acquired a new stake in shares of Floor & Decor in the fourth quarter valued at approximately $5,614,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Floor & Decor by 12.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after buying an additional 79,210 shares during the period.

Floor & Decor Stock Performance

NYSE:FND opened at $97.11 on Thursday. The firm’s 50-day moving average is $114.04 and its 200-day moving average is $113.87. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 10.24 and a beta of 1.74.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Equities research analysts anticipate that Floor & Decor will post 1.89 earnings per share for the current year.

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.