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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given an average recommendation of “Hold” by the twenty research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $104.42.

A number of equities analysts have issued reports on FND shares. Truist Financial cut their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler raised their price objective on shares of Floor & Decor from $95.00 to $119.00 and gave the stock a “neutral” rating in a report on Monday, September 30th. Evercore ISI cut their target price on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, August 2nd. Finally, TD Cowen lowered their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Floor & Decor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after purchasing an additional 81,305 shares during the last quarter. Capital Research Global Investors grew its position in Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after purchasing an additional 1,334,650 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in shares of Floor & Decor by 1.5% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock valued at $111,720,000 after purchasing an additional 16,125 shares during the period. Capital International Investors raised its holdings in shares of Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock valued at $137,806,000 after buying an additional 73,448 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Floor & Decor by 40.6% during the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after buying an additional 265,622 shares during the period.

Floor & Decor Stock Performance

Floor & Decor stock opened at $110.04 on Friday. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The company has a market capitalization of $11.78 billion, a price-to-earnings ratio of 53.16, a price-to-earnings-growth ratio of 15.35 and a beta of 1.80. The firm’s fifty day moving average price is $112.18 and its 200 day moving average price is $109.80.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.66 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts forecast that Floor & Decor will post 1.67 EPS for the current fiscal year.

Floor & Decor Company Profile

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.