Floor & Decor Holdings, Inc. (NYSE:FND) Receives $105.67 Average Target Price from Brokerages

Floor & Decor Holdings, Inc. (NYSE:FND) has earned an average rating of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $105.39.

A number of analysts have commented on FND shares. Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $110.00 to $100.00 in a research report on Friday, February 14th. JPMorgan Chase & Co. raised their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Piper Sandler dropped their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Wells Fargo & Company upped their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of Floor & Decor in the 3rd quarter worth approximately $34,000. Blue Trust Inc. grew its holdings in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the last quarter. Huntington National Bank increased its position in shares of Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after buying an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Floor & Decor in the 4th quarter worth about $35,000. Finally, Bank of Jackson Hole Trust acquired a new position in Floor & Decor during the fourth quarter worth about $49,000.

Floor & Decor Trading Up 1.1 %

NYSE:FND opened at $98.64 on Friday. The firm has a 50-day simple moving average of $100.68 and a 200-day simple moving average of $106.12. Floor & Decor has a one year low of $89.06 and a one year high of $135.67. The firm has a market cap of $10.58 billion, a P/E ratio of 54.80, a P/E/G ratio of 11.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

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.