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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given an average rating of “Hold” by the twenty-two ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $110.19.

A number of equities research analysts have weighed in on the company. Barclays boosted their price objective on Floor & Decor from $66.00 to $75.00 and gave the company an “underweight” rating in a research note on Thursday, January 4th. Piper Sandler boosted their price objective on Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Sanford C. Bernstein cut Floor & Decor from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $100.00 to $115.00 in a research note on Tuesday, January 16th. UBS Group cut Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research note on Tuesday, March 5th. Finally, Mizuho assumed coverage on Floor & Decor in a report on Tuesday, March 19th. They issued a “neutral” rating and a $115.00 target price on the stock.

Floor & Decor Stock Performance

Shares of FND opened at $108.10 on Friday. The stock has a 50-day simple moving average of $119.00 and a 200-day simple moving average of $104.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The stock has a market capitalization of $11.54 billion, a PE ratio of 47.62, a PEG ratio of 5.22 and a beta of 1.85. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, analysts predict that Floor & Decor will post 1.92 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Bryan Langley sold 5,865 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the sale, the chief financial officer now directly owns 17,422 shares in the company, valued at approximately $2,088,200.92. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the transaction, the chief financial officer now owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 over the last three months. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in FND. Stephens Inc. AR raised its stake in shares of Floor & Decor by 20.2% in the 2nd quarter. Stephens Inc. AR now owns 655 shares of the company’s stock worth $68,000 after buying an additional 110 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Floor & Decor by 24.4% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after purchasing an additional 113 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Floor & Decor by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock worth $2,609,000 after purchasing an additional 117 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Floor & Decor by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after purchasing an additional 120 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after purchasing an additional 121 shares during the period.

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.