Floor & Decor Holdings, Inc. (NYSE:FND) Receives Consensus Rating of “Hold” from Brokerages

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been assigned an average rating of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $83.95.

Several research firms recently commented on FND. Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a report on Sunday, November 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Floor & Decor in a report on Friday, October 31st. UBS Group cut their target price on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. reduced their price target on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Zacks Research raised shares of Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th.

Floor & Decor Stock Up 1.0%

Shares of NYSE FND opened at $61.95 on Thursday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 2.67 and a beta of 1.75. The company’s 50-day simple moving average is $65.45 and its 200-day simple moving average is $74.70. The company has a quick ratio of 0.34, a current ratio of 1.27 and a debt-to-equity ratio of 0.08. Floor & Decor has a 52-week low of $55.11 and a 52-week high of $114.83.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Equities analysts predict that Floor & Decor will post 2 EPS for the current fiscal year.

Insider Activity

In related news, President Bradley Paulsen purchased 5,000 shares of the company’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the transaction, the president directly owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

A number of institutional investors and hedge funds have recently bought and sold shares of FND. Advisory Services Network LLC purchased a new stake in Floor & Decor during the 3rd quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Floor & Decor by 207.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after acquiring an additional 247 shares in the last quarter. State of Wyoming purchased a new stake in shares of Floor & Decor during the second quarter worth $46,000. Zions Bancorporation National Association UT purchased a new stake in shares of Floor & Decor during the first quarter worth $47,000. Finally, Steph & Co. acquired a new stake in shares of Floor & Decor in the third quarter valued at $48,000.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.