Floor & Decor Holdings Inc (FND) Receives Average Rating of “Buy” from Brokerages

Floor & Decor Holdings Inc (NYSE:FND) has been assigned a consensus rating of “Buy” from the sixteen brokerages that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $45.13.

A number of analysts recently commented on the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $50.00 price objective on shares of Floor & Decor in a research note on Tuesday, January 9th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $54.00 price objective (up previously from $47.00) on shares of Floor & Decor in a research note on Monday, January 8th. Zacks Investment Research raised Floor & Decor from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Monday, November 6th. Jefferies Group increased their price objective on Floor & Decor from $38.00 to $42.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, Wells Fargo & Co set a $45.00 price objective on Floor & Decor and gave the company a “hold” rating in a research note on Monday, January 8th.

In other news, Director Peter Starrett sold 45,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $49.31, for a total value of $2,218,950.00. Following the transaction, the director now directly owns 34,995 shares in the company, valued at approximately $1,725,603.45. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian K. Robbins sold 9,600 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.20, for a total value of $395,520.00. Following the completion of the transaction, the executive vice president now owns 13,160 shares in the company, valued at $542,192. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,722,068 shares of company stock worth $206,232,325.

Several institutional investors have recently added to or reduced their stakes in the company. FNY Partners Fund LP purchased a new stake in shares of Floor & Decor during the 3rd quarter valued at about $116,000. Toronto Dominion Bank purchased a new stake in Floor & Decor during the 2nd quarter worth approximately $157,000. Public Employees Retirement System of Ohio purchased a new stake in Floor & Decor during the 2nd quarter worth approximately $179,000. Principal Financial Group Inc. purchased a new stake in Floor & Decor during the 3rd quarter worth approximately $208,000. Finally, Balyasny Asset Management LLC purchased a new stake in Floor & Decor during the 2nd quarter worth approximately $212,000. Institutional investors own 93.51% of the company’s stock.

Floor & Decor (FND) traded up $0.63 during trading on Friday, reaching $49.35. The company’s stock had a trading volume of 465,277 shares, compared to its average volume of 810,699. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 0.18. The firm has a market capitalization of $4,690.00 and a price-to-earnings ratio of 67.60. Floor & Decor has a 12 month low of $29.37 and a 12 month high of $51.48.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $343.90 million for the quarter, compared to analyst estimates of $338.62 million. Floor & Decor had a return on equity of 26.39% and a net margin of 5.62%. Floor & Decor’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. equities research analysts anticipate that Floor & Decor will post 0.67 earnings per share for the current fiscal year.

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Floor & Decor 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 (NYSE:FND)

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