Shares of Floor & Decor Holdings Inc (NYSE:FND) have earned an average rating of “Hold” from the twenty-four analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $43.20.
FND has been the topic of several analyst reports. Telsey Advisory Group set a $125.00 price target on shares of Expedia Group and gave the company a “hold” rating in a research report on Friday, May 3rd. Evercore ISI initiated coverage on shares of Polarityte in a research report on Wednesday, March 20th. They set an “outperform” rating and a $26.00 price target on the stock. UBS Group raised their price target on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Wells Fargo & Co raised their price target on shares of Twitter from $33.00 to $40.00 and gave the company a “market perform” rating in a research report on Wednesday, April 24th. Finally, Loop Capital initiated coverage on shares of Regis in a research report on Friday, April 5th. They set a “buy” rating and a $25.00 price target on the stock.
In other news, CMO Lisa Laube sold 70,000 shares of the firm’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $48.00, for a total value of $3,360,000.00. Following the transaction, the chief marketing officer now directly owns 111,087 shares of the company’s stock, valued at $5,332,176. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian K. Robbins sold 55,101 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $40.96, for a total transaction of $2,256,936.96. Following the completion of the transaction, the executive vice president now directly owns 8,387 shares in the company, valued at $343,531.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,266,646 shares of company stock worth $54,264,663. Insiders own 7.00% of the company’s stock.
Large investors have recently bought and sold shares of the company. LGT Capital Partners LTD. raised its stake in Floor & Decor by 21.0% during the second quarter. LGT Capital Partners LTD. now owns 75,000 shares of the company’s stock worth $3,142,000 after purchasing an additional 13,000 shares during the period. Scout Investments Inc. raised its stake in Floor & Decor by 47.8% during the second quarter. Scout Investments Inc. now owns 1,080,811 shares of the company’s stock worth $45,286,000 after purchasing an additional 349,688 shares during the period. Centaurus Financial Inc. raised its stake in Floor & Decor by 56.7% during the first quarter. Centaurus Financial Inc. now owns 10,734 shares of the company’s stock worth $260,000 after purchasing an additional 3,885 shares during the period. First Trust Advisors LP purchased a new position in Floor & Decor during the first quarter worth about $2,060,000. Finally, FMR LLC raised its stake in Floor & Decor by 44.3% during the first quarter. FMR LLC now owns 3,784,344 shares of the company’s stock worth $155,991,000 after purchasing an additional 1,161,156 shares during the period.
FND stock traded up $1.31 during midday trading on Friday, hitting $43.69. 504,759 shares of the stock traded hands, compared to its average volume of 848,172. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 45.04, a P/E/G ratio of 1.62 and a beta of 2.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.23 and a current ratio of 1.32. The company’s fifty day moving average is $39.42. Floor & Decor has a 1-year low of $23.30 and a 1-year high of $50.91.
Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company had revenue of $477.05 million for the quarter, compared to analyst estimates of $480.17 million. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The firm’s revenue was up 18.4% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. Sell-side analysts anticipate that Floor & Decor will post 1.1 EPS for the current year.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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