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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given an average recommendation of “Hold” by the twenty-two analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $108.05.

A number of research analysts have commented on the stock. TD Cowen cut their target price on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. UBS Group cut their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Evercore ISI cut their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Wedbush reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Floor & Decor in a research report on Friday, May 3rd. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $127.00 price objective on shares of Floor & Decor in a research report on Tuesday, July 2nd.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total transaction of $124,341.10. Following the completion of the sale, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the sale, the director now owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,778 shares of company stock worth $5,182,791. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Several large investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Floor & Decor by 4.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock valued at $285,000 after purchasing an additional 96 shares during the period. Vancity Investment Management Ltd lifted its stake in shares of Floor & Decor by 1.5% in the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock valued at $991,000 after purchasing an additional 111 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after purchasing an additional 113 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after purchasing an additional 117 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after purchasing an additional 120 shares during the period.

Floor & Decor Trading Up 1.5 %

NYSE FND opened at $91.25 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 44.08, a price-to-earnings-growth ratio of 9.50 and a beta of 1.73. The company’s 50-day simple moving average is $112.32 and its two-hundred day simple moving average is $113.18. Floor & Decor has a one year low of $76.30 and a one year high of $135.67.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. Equities analysts forecast that Floor & Decor will post 1.89 EPS for the current fiscal year.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.