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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $104.37.

A number of analysts recently issued reports on FND shares. Wedbush restated an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Melius Research initiated coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company boosted their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th.

Floor & Decor Price Performance

Shares of NYSE FND opened at $112.21 on Friday. The company has a market capitalization of $12.03 billion, a PE ratio of 62.34, a PEG ratio of 14.90 and a beta of 1.83. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $109.71 and its 200-day moving average price is $107.96. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.14 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up .9% on a year-over-year basis. On average, equities analysts anticipate that Floor & Decor will post 1.71 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Chris Bulman Inc bought a new stake in Floor & Decor during the 2nd quarter worth approximately $30,000. Blue Trust Inc. grew its position in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. Quarry LP bought a new position in shares of Floor & Decor in the third quarter worth $34,000. J.Safra Asset Management Corp increased its holdings in shares of Floor & Decor by 630.5% in 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 period. Finally, GAMMA Investing LLC raised its position in shares of Floor & Decor by 36.7% in the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after buying an additional 189 shares in the last quarter.

About Floor & Decor

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.