Shares of Floor & Decor Holdings Inc (NYSE:FND) have been given an average recommendation of “Buy” by the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $41.13.
FND has been the subject of a number of research analyst reports. Citigroup initiated coverage on Floor & Decor in a report on Wednesday, October 10th. They set a “buy” rating and a $44.00 price objective for the company. Wells Fargo & Co reiterated an “in-line” rating and issued a $35.00 price target (down from $45.00) on shares of Floor & Decor in a research note on Wednesday, October 24th. ValuEngine cut Floor & Decor from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Wedbush cut their price target on Floor & Decor from $50.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Finally, Credit Suisse Group cut their price target on Floor & Decor from $50.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, October 17th.
Shares of NYSE FND opened at $31.40 on Friday. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 45.51, a price-to-earnings-growth ratio of 1.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 1.50. Floor & Decor has a twelve month low of $23.30 and a twelve month high of $58.28.
Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. The firm had revenue of $435.90 million for the quarter, compared to the consensus estimate of $428.88 million. Floor & Decor had a return on equity of 19.82% and a net margin of 8.80%. The business’s revenue was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.17 earnings per share. On average, analysts anticipate that Floor & Decor will post 0.95 earnings per share for the current fiscal year.
In other Floor & Decor news, Director George Vincent West sold 140,000 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $31.12, for a total transaction of $4,356,800.00. Following the completion of the sale, the director now directly owns 140,000 shares in the company, valued at $4,356,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in Floor & Decor by 9.7% during the 2nd quarter. Wells Fargo & Company MN now owns 146,631 shares of the company’s stock worth $7,234,000 after acquiring an additional 13,007 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Floor & Decor by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 148,184 shares of the company’s stock worth $7,310,000 after acquiring an additional 34,974 shares in the last quarter. Strs Ohio acquired a new position in Floor & Decor during the 2nd quarter worth approximately $195,000. SG Americas Securities LLC acquired a new position in Floor & Decor during the 2nd quarter worth approximately $200,000. Finally, Schwab Charles Investment Management Inc. lifted its position in Floor & Decor by 45.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 232,795 shares of the company’s stock worth $11,484,000 after acquiring an additional 72,203 shares in the last quarter.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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