Floor & Decor Holdings, Inc. (NYSE:FND)‘s stock had its “hold” rating reiterated by stock analysts at Piper Jaffray Companies in a note issued to investors on Thursday. They currently have a $42.00 price objective on the stock. Piper Jaffray Companies’ price target points to a potential upside of 12.60% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Loop Capital began coverage on Floor & Decor Holdings in a research note on Friday, August 18th. They issued a “hold” rating and a $35.00 target price for the company. BMO Capital Markets began coverage on Floor & Decor Holdings in a research note on Thursday, September 14th. They issued a “market perform” rating and a $41.00 target price for the company. Zacks Investment Research upgraded Floor & Decor Holdings from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, September 12th. Telsey Advisory Group upped their target price on Floor & Decor Holdings from $38.00 to $39.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, Wedbush began coverage on Floor & Decor Holdings in a research note on Wednesday, June 14th. They issued a “neutral” rating and a $45.00 target price for the company. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $41.07.

Floor & Decor Holdings (NYSE:FND) last released its earnings results on Thursday, July 27th. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $344.00 million during the quarter, compared to analyst estimates of $343.73 million. The company’s quarterly revenue was up 29.4% compared to the same quarter last year.

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In other Floor & Decor Holdings news, major shareholder Corporate Opportunities F. Ares sold 6,772,781 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total transaction of $260,752,068.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Trevor Lang sold 46,200 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total value of $1,778,700.00. Following the sale, the chief financial officer now directly owns 192,519 shares of the company’s stock, valued at approximately $7,411,981.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,118,047 shares of company stock valued at $274,044,810.

A number of hedge funds have recently bought and sold shares of FND. Ares Management LLC purchased a new stake in Floor & Decor Holdings during the second quarter valued at about $2,049,069,000. FS Capital Partners VI LLC purchased a new stake in Floor & Decor Holdings during the second quarter valued at about $993,798,000. Gilder Gagnon Howe & Co. LLC purchased a new stake in Floor & Decor Holdings during the second quarter valued at about $79,390,000. Vanguard Group Inc. purchased a new stake in Floor & Decor Holdings during the second quarter valued at about $32,590,000. Finally, Alliancebernstein L.P. purchased a new stake in Floor & Decor Holdings during the second quarter valued at about $31,751,000. 92.78% of the stock is owned by hedge funds and other 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).

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

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