Shares of Floor & Decor Holdings Inc (NYSE:FND) have been given a consensus rating of “Hold” by the twenty-one ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $48.47.
A number of equities analysts have recently weighed in on the company. Raymond James assumed coverage on Floor & Decor in a report on Monday, October 7th. They issued a “strong-buy” rating and a $70.00 price target for the company. Zacks Investment Research cut Floor & Decor from a “hold” rating to a “sell” rating in a report on Monday. Citigroup cut their price target on Floor & Decor from $51.00 to $50.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Goldman Sachs Group assumed coverage on Floor & Decor in a research note on Thursday, July 11th. They issued a “neutral” rating and a $45.00 target price for the company. Finally, Piper Jaffray Companies set a $49.00 target price on Floor & Decor and gave the company a “hold” rating in a research note on Tuesday, October 15th.
In related news, Director George Vincent West sold 93,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $44.34, for a total transaction of $4,123,620.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Trevor Lang sold 99,206 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $44.57, for a total value of $4,421,611.42. Following the completion of the sale, the chief financial officer now owns 237,875 shares of the company’s stock, valued at $10,602,088.75. The disclosure for this sale can be found here. Insiders sold 607,866 shares of company stock worth $28,898,757 in the last 90 days. 7.00% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Floor & Decor by 8.1% during the second quarter. BlackRock Inc. now owns 2,932,767 shares of the company’s stock valued at $122,882,000 after buying an additional 219,543 shares during the last quarter. Two Creeks Capital Management LP grew its position in Floor & Decor by 120.6% during the 2nd quarter. Two Creeks Capital Management LP now owns 2,676,450 shares of the company’s stock worth $112,143,000 after purchasing an additional 1,462,961 shares in the last quarter. Wasatch Advisors Inc. grew its position in Floor & Decor by 6.4% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,490,382 shares of the company’s stock worth $104,347,000 after purchasing an additional 150,080 shares in the last quarter. Bamco Inc. NY grew its position in Floor & Decor by 0.7% during the 2nd quarter. Bamco Inc. NY now owns 2,294,232 shares of the company’s stock worth $96,128,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Carillon Tower Advisers Inc. grew its position in Floor & Decor by 14.9% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 1,929,877 shares of the company’s stock worth $80,862,000 after purchasing an additional 250,550 shares in the last quarter.
Shares of Floor & Decor stock traded up $0.26 during trading on Friday, reaching $42.94. The company’s stock had a trading volume of 8,996 shares, compared to its average volume of 1,384,756. The company has a quick ratio of 0.28, a current ratio of 1.31 and a debt-to-equity ratio of 1.27. Floor & Decor has a 12-month low of $23.30 and a 12-month high of $53.00. The company has a market capitalization of $4.29 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 1.73 and a beta of 1.90. The business has a 50 day moving average price of $47.21 and a 200-day moving average price of $43.80.
Floor & Decor (NYSE:FND) last posted its earnings results on Friday, November 1st. The company reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.01. Floor & Decor had a return on equity of 17.58% and a net margin of 6.81%. The company had revenue of $521.10 million for the quarter, compared to the consensus estimate of $524.00 million. During the same period in the previous year, the business earned $0.24 earnings per share. Floor & Decor’s quarterly revenue was up 19.5% compared to the same quarter last year. Research analysts predict that Floor & Decor will post 1.1 EPS for the current fiscal year.
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, vinyl, 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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