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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have earned a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $93.56.

A number of research analysts have recently issued reports on FND shares. Gordon Haskett downgraded Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. The Goldman Sachs Group dropped their price target on Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen raised shares of Floor & Decor from a “sell” rating to a “hold” rating in a research report on Saturday, June 7th. Wells Fargo & Company lowered their price objective on shares of Floor & Decor from $80.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Finally, Barclays cut their target price on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd.

Floor & Decor Trading Up 1.2%

Shares of FND stock opened at $73.83 on Thursday. The stock has a 50-day moving average of $73.84 and a 200-day moving average of $87.96. The company has a current ratio of 1.22, a quick ratio of 0.27 and a debt-to-equity ratio of 0.09. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 39.06, a PEG ratio of 2.27 and a beta of 1.71. Floor & Decor has a 1-year low of $66.01 and a 1-year high of $124.68.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a net margin of 4.53% and a return on equity of 9.32%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. On average, equities research analysts forecast that Floor & Decor will post 2 earnings per share for the current year.

Institutional Trading of Floor & Decor

Institutional investors have recently made changes to their positions in the company. Advisory Research Inc. lifted its holdings in Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after acquiring an additional 115 shares during the period. Corient Private Wealth LLC grew its stake in Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares during the period. Teacher Retirement System of Texas increased its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after purchasing an additional 122 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Floor & Decor by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 2,858 shares of the company’s stock valued at $296,000 after purchasing an additional 133 shares during the last quarter. Finally, Schechter Investment Advisors LLC raised its stake in shares of Floor & Decor by 1.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 7,605 shares of the company’s stock worth $758,000 after purchasing an additional 137 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.