Research analysts at BMO Capital Markets initiated coverage on shares of Floor & Decor Holdings, Inc. (NYSE:FND) in a research note issued to investors on Thursday, The Fly reports. The brokerage set a “market perform” rating on the stock.

Several other equities analysts have also commented on FND. UBS AG began coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They set a “neutral” rating and a $39.00 price objective on the stock. Zacks Investment Research lowered Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Credit Suisse Group set a $43.00 price objective on Floor & Decor Holdings and gave the company a “buy” rating in a research report on Sunday, May 28th. Loop Capital began coverage on Floor & Decor Holdings in a research report on Friday, August 18th. They set a “hold” rating and a $35.00 price objective on the stock. Finally, Piper Jaffray Companies began coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They set a “neutral” rating and a $40.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $41.08.

Floor & Decor Holdings (NYSE FND) opened at 39.98 on Thursday. The company has a 50 day moving average price of $35.72 and a 200-day moving average price of $37.06. The firm has a market capitalization of $3.76 billion and a price-to-earnings ratio of 58.88. Floor & Decor Holdings has a 1-year low of $29.37 and a 1-year high of $46.99.

Floor & Decor Holdings (NYSE:FND) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The firm had revenue of $344.00 million for the quarter, compared to the consensus estimate of $343.73 million. The company’s revenue was up 29.4% on a year-over-year basis. On average, analysts forecast that Floor & Decor Holdings will post $0.60 EPS for the current fiscal year.

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In related news, CEO Thomas V. Taylor sold 154,262 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $5,939,087.00. Following the transaction, the chief executive officer now owns 158,781 shares of the company’s stock, valued at $6,113,068.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Trevor Lang sold 46,200 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $1,778,700.00. Following the completion of the transaction, the chief financial officer now directly owns 192,519 shares in the company, valued at approximately $7,411,981.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,118,047 shares of company stock worth $274,044,810.

A number of large investors have recently made changes to their positions in FND. Ares Management LLC bought a new position in Floor & Decor Holdings in the second quarter worth approximately $2,049,069,000. FS Capital Partners VI LLC bought a new position in Floor & Decor Holdings in the second quarter worth approximately $993,798,000. Gilder Gagnon Howe & Co. LLC bought a new position in Floor & Decor Holdings in the second quarter worth approximately $79,390,000. Vanguard Group Inc. bought a new position in Floor & Decor Holdings in the second quarter worth approximately $32,590,000. Finally, Alliancebernstein L.P. bought a new position in Floor & Decor Holdings in the second quarter worth approximately $31,751,000. 92.78% of the stock is currently owned by institutional investors.

Floor & Decor Holdings Company Profile

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

The Fly

Analyst Recommendations for Floor & Decor Holdings (NYSE:FND)

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