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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given a consensus recommendation of “Hold” by the twenty-one research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $82.8421.

A number of equities analysts have recently weighed in on the stock. Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 25th. UBS Group decreased their price objective on shares of Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. TD Cowen increased their target price on shares of Floor & Decor from $77.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Finally, JPMorgan Chase & Co. lowered their price target on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st.

Insiders Place Their Bets

In other news, President Bradley Paulsen purchased 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president directly owned 30,000 shares in the company, valued at $1,808,100. This represents a 20.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new position in Floor & Decor during the third quarter worth about $26,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Floor & Decor by 207.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after purchasing an additional 247 shares in the last quarter. eCIO Inc. acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $41,000. State of Wyoming purchased a new stake in Floor & Decor in the 2nd quarter valued at approximately $46,000. Finally, Steph & Co. acquired a new stake in Floor & Decor during the 3rd quarter valued at $48,000.

Floor & Decor Stock Down 1.7%

FND opened at $68.13 on Friday. 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 50 day simple moving average of $66.22 and a 200-day simple moving average of $72.47. The stock has a market capitalization of $7.34 billion, a P/E ratio of 34.07, a P/E/G ratio of 2.68 and a beta of 1.73. Floor & Decor has a 12 month low of $55.11 and a 12 month high of $104.89.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The firm 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 quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. On average, equities analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal year.

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.