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

Floor & Decor Holdings, Inc. (NYSE:FND) has earned an average recommendation of “Hold” from the twenty ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $104.37.

FND has been the topic of several recent research reports. Guggenheim dropped their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Citigroup dropped their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Mizuho dropped their target price on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. UBS Group dropped their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. dropped their target price on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd.

Insider Activity

In other news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in FND. Riverview Trust Co acquired a new position in shares of Floor & Decor in the first quarter valued at approximately $26,000. Chris Bulman Inc bought a new stake in shares of Floor & Decor in the second quarter valued at approximately $30,000. Rise Advisors LLC bought a new stake in shares of Floor & Decor in the first quarter valued at approximately $39,000. J.Safra Asset Management Corp lifted its stake in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after purchasing an additional 167 shares during the last quarter.

Floor & Decor Stock Performance

Shares of Floor & Decor stock opened at $106.50 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The firm has a 50 day simple moving average of $100.57 and a 200 day simple moving average of $111.21. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The firm has a market cap of $11.40 billion, a P/E ratio of 51.45, a P/E/G ratio of 10.13 and a beta of 1.74.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Sell-side analysts predict that Floor & Decor will post 1.81 earnings per share for the current fiscal 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.