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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have earned an average rating of “Hold” from the twenty-one research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $83.25.

Several research analysts have commented on the stock. TD Cowen lowered their price target on shares of Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a report on Friday, October 31st. Citigroup decreased their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. Zacks Research upgraded shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. Wolfe Research began coverage on Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 target price on the stock. Finally, Cowen set a $77.00 price target on Floor & Decor in a research note on Friday, October 31st.

Floor & Decor Trading Up 3.4%

FND opened at $62.94 on Monday. Floor & Decor has a 12 month low of $55.11 and a 12 month high of $108.76. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.46 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.27 and a quick ratio of 0.34. The business has a fifty day moving average price of $62.38 and a 200 day moving average price of $73.36.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.Floor & Decor’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Sell-side analysts expect that Floor & Decor will post 2 earnings per share for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, President Bradley Paulsen bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the purchase, the president directly owned 30,000 shares in the company, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Floor & Decor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in Floor & Decor in the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after acquiring an additional 247 shares during the period. State of Wyoming bought a new stake in Floor & Decor in the 2nd quarter valued at $46,000. Steph & Co. acquired a new position in Floor & Decor in the 3rd quarter worth $48,000. Finally, Mather Group LLC. bought a new position in Floor & Decor during the 3rd quarter worth about $49,000.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.