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

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $109.24.

FND has been the topic of a number of research reports. Wedbush reissued an “outperform” rating and issued a $125.00 target price on shares of Floor & Decor in a research note on Friday, May 3rd. Stifel Nicolaus reduced their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. Bank of America lifted 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. Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Truist Financial lifted their price target on shares of Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th.

Insider Transactions at Floor & Decor

In related news, Director Norman Axelrod sold 40,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the transaction, the director now owns 226,080 shares of the company’s stock, valued at $27,122,817.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Floor & Decor news, CEO Thomas V. Taylor sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.11, for a total value of $2,462,200.00. Following the completion of the transaction, the chief executive officer now owns 174,315 shares in the company, valued at $21,459,919.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Norman Axelrod sold 40,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the completion of the transaction, the director now owns 226,080 shares of the company’s stock, valued at approximately $27,122,817.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 95,867 shares of company stock valued at $11,607,289. 2.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the business. Polen Capital Management LLC raised its holdings in Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock worth $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. Capital Research Global Investors raised its holdings in Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares in the last quarter. Capital World Investors raised its holdings in Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after purchasing an additional 627,256 shares in the last quarter. FMR LLC increased its holdings in Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock valued at $416,816,000 after buying an additional 531,891 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after buying an additional 531,574 shares in the last quarter.

Floor & Decor Stock Performance

FND opened at $123.55 on Wednesday. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67. The firm has a market capitalization of $13.22 billion, a PE ratio of 59.69, a PEG ratio of 7.19 and a beta of 1.86. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $118.70 and its 200 day moving average price is $108.34.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.66 EPS. The business’s revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts expect that Floor & Decor will post 1.89 EPS 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.