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

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $88.6250.

FND has been the subject of several research reports. Guggenheim reduced their price objective on Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 1st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Floor & Decor in a research note on Tuesday, August 12th. Wall Street Zen downgraded shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Morgan Stanley cut their target price on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Friday, August 1st. Finally, Wolfe Research initiated coverage on shares of Floor & Decor in a research report on Thursday, September 18th. They set an “underperform” rating and a $76.00 price target on the stock.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock valued at $41,000 after purchasing an additional 152 shares in the last quarter. State of Wyoming acquired a new stake in Floor & Decor during the second quarter worth about $46,000. Zions Bancorporation National Association UT acquired a new stake in shares of Floor & Decor during the 1st quarter worth approximately $47,000. eCIO Inc. bought a new stake in Floor & Decor in the first quarter valued at $62,000. Finally, First Horizon Advisors Inc. boosted its stake in Floor & Decor by 42.6% during the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock valued at $69,000 after purchasing an additional 255 shares during the period.

Floor & Decor Stock Down 0.6%

FND stock opened at $73.27 on Friday. Floor & Decor has a twelve month low of $66.01 and a twelve month high of $122.90. The stock has a market cap of $7.89 billion, a P/E ratio of 37.58, a PEG ratio of 3.16 and a beta of 1.70. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $82.06 and its two-hundred day moving average is $78.41.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Research analysts expect that Floor & Decor will post 2 earnings per share for the current fiscal year.

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.