Floor & Decor Holdings, Inc. (NYSE:FND) Receives $110.19 Average Price Target from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average rating of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $110.19.

A number of equities analysts recently commented on the stock. Wells Fargo & Company lowered shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research note on Tuesday, March 5th. Evercore ISI decreased their price objective on shares of Floor & Decor from $125.00 to $120.00 and set an “in-line” rating for the company in a research note on Tuesday, April 16th. Truist Financial raised their price objective on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, Guggenheim raised their price objective on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th.

Floor & Decor Trading Up 0.4 %

Shares of NYSE:FND opened at $108.51 on Friday. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 5.21 and a beta of 1.85. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The company has a 50 day moving average price of $118.93 and a 200 day moving average price of $104.84.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $0.64 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, research analysts anticipate that Floor & Decor will post 1.92 EPS for the current fiscal year.

Insider Activity

In other news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman Axelrod sold 40,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.97, for a total transaction of $4,798,800.00. Following the transaction, the director now owns 226,080 shares in the company, valued at approximately $27,122,817.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FND. IFP Advisors Inc grew its stake in Floor & Decor by 761.7% in the 3rd quarter. IFP Advisors Inc now owns 922 shares of the company’s stock valued at $83,000 after buying an additional 815 shares during the last quarter. Riverbridge Partners LLC grew its stake in Floor & Decor by 0.4% in the 3rd quarter. Riverbridge Partners LLC now owns 1,524,650 shares of the company’s stock valued at $137,981,000 after buying an additional 6,006 shares during the last quarter. 1900 Wealth Management LLC acquired a new position in Floor & Decor in the 3rd quarter valued at $641,000. Exchange Traded Concepts LLC grew its position in Floor & Decor by 1,530.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 3,017 shares of the company’s stock worth $273,000 after purchasing an additional 2,832 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Floor & Decor in the 3rd quarter worth $423,000.

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.