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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) have received a consensus rating of “Buy” from the fifteen research firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $121.45.

Several research firms recently commented on FND. Piper Sandler cut their price target on Floor & Decor from $136.00 to $102.00 in a research note on Thursday, April 7th. Gordon Haskett cut Floor & Decor from a “buy” rating to an “accumulate” rating in a research note on Friday, May 6th. Wells Fargo & Company dropped their price target on shares of Floor & Decor from $130.00 to $105.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Jefferies Financial Group reduced their price objective on shares of Floor & Decor from $150.00 to $146.00 and set a “buy” rating on the stock in a research note on Thursday, March 17th. Finally, Loop Capital dropped their target price on shares of Floor & Decor from $135.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 28th.

Shares of NYSE:FND traded up $3.45 during trading on Friday, reaching $74.74. 1,481,478 shares of the stock were exchanged, compared to its average volume of 1,262,994. The firm’s 50-day moving average price is $81.74 and its 200 day moving average price is $102.94. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 28.62, a price-to-earnings-growth ratio of 0.94 and a beta of 1.76. Floor & Decor has a 12-month low of $65.12 and a 12-month high of $145.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.26 and a current ratio of 1.21.

Floor & Decor (NYSE:FND – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. Floor & Decor had a net margin of 7.57% and a return on equity of 20.21%. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company posted $0.68 earnings per share. Floor & Decor’s revenue was up 31.5% compared to the same quarter last year. As a group, equities research analysts forecast that Floor & Decor will post 2.89 EPS for the current year.

In other Floor & Decor news, Director William T. Giles bought 2,000 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were purchased at an average cost of $96.00 per share, for a total transaction of $192,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC grew its stake in shares of Floor & Decor by 163.6% in the 4th quarter. Quadrant Capital Group LLC now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 126 shares during the last quarter. Clearstead Advisors LLC acquired a new stake in shares of Floor & Decor during the 3rd quarter valued at $26,000. Confluence Wealth Services Inc. bought a new stake in shares of Floor & Decor during the 4th quarter worth $30,000. Ahrens Investment Partners LLC acquired a new position in shares of Floor & Decor in the 4th quarter worth $39,000. Finally, Manchester Capital Management LLC acquired a new position in shares of Floor & Decor in the 3rd quarter valued at $42,000. Institutional investors own 96.48% of the company’s stock.

Floor & Decor Company Profile (Get Rating)

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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