Floor & Decor Holdings, Inc. (NYSE:FND) Receives $104.67 Average PT from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has received an average rating of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $104.67.

A number of research firms recently commented on FND. Piper Sandler decreased their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Mizuho lifted their target price on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company upped their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Stifel Nicolaus boosted their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th.

Floor & Decor Price Performance

Shares of NYSE FND opened at $104.26 on Monday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The business has a 50 day moving average price of $104.05 and a two-hundred day moving average price of $105.24. The firm has a market cap of $11.18 billion, a PE ratio of 57.92, a price-to-earnings-growth ratio of 11.15 and a beta of 1.84.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Sell-side analysts expect that Floor & Decor will post 1.71 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Several institutional investors have recently bought and sold shares of FND. FMR LLC boosted its stake in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. State Street Corp lifted its holdings in Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Wasatch Advisors LP boosted its position in Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after buying an additional 85,299 shares in the last quarter. Geode Capital Management LLC boosted its position in Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock valued at $222,357,000 after buying an additional 24,509 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after buying an additional 223,332 shares during the last quarter.

Floor & Decor Company Profile

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.