Floor & Decor Holdings, Inc. (NYSE:FND) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have earned a consensus rating of “Hold” from the twenty-one analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $82.8421.

FND has been the topic of several recent analyst reports. TD Cowen upped their price objective on shares of Floor & Decor from $77.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. JPMorgan Chase & Co. decreased their price objective on Floor & Decor from $94.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group upgraded Floor & Decor from a “sell” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $71.00 in a research note on Thursday, November 13th. Finally, Stifel Nicolaus reduced their target price on Floor & Decor from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th.

Insider Activity

In related news, President Bradley Paulsen bought 5,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the acquisition, the president owned 30,000 shares in the company, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently made changes to their positions in FND. Capital World Investors grew its stake in shares of Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after buying an additional 1,872,892 shares during the period. Principal Financial Group Inc. grew its position in Floor & Decor by 46.0% during the third quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after acquiring an additional 2,015,999 shares during the period. State Street Corp grew its position in Floor & Decor by 1.1% during the second quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after acquiring an additional 42,636 shares during the period. Wasatch Advisors LP increased its stake in Floor & Decor by 19.2% during the second quarter. Wasatch Advisors LP now owns 2,717,183 shares of the company’s stock worth $206,397,000 after acquiring an additional 437,396 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL raised its holdings in shares of Floor & Decor by 9.0% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 2,580,609 shares of the company’s stock worth $196,023,000 after purchasing an additional 214,151 shares during the period.

Floor & Decor Trading Down 1.7%

Floor & Decor stock opened at $68.13 on Friday. The stock has a market cap of $7.34 billion, a PE ratio of 34.07, a P/E/G ratio of 2.68 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $66.22 and a 200 day moving average price of $72.47. Floor & Decor has a 52 week low of $55.11 and a 52 week high of $104.89.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. Equities research analysts predict that Floor & Decor will post 2 earnings per share for the current fiscal year.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.