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

Floor & Decor Holdings, Inc. (NYSE:FND) has earned an average recommendation of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $104.37.

Several research firms have recently commented on FND. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Melius Research assumed coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target for the company. Stifel Nicolaus raised their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price target on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research report on Monday, November 11th.

Floor & Decor Stock Down 0.2 %

Shares of FND stock opened at $99.70 on Thursday. The firm’s fifty day moving average price is $105.63 and its two-hundred day moving average price is $106.08. Floor & Decor has a 1 year low of $89.06 and a 1 year high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $10.69 billion, a P/E ratio of 55.39, a PEG ratio of 14.75 and a beta of 1.83.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. Floor & Decor’s quarterly revenue was up .9% on a year-over-year basis. On average, equities analysts predict that Floor & Decor will post 1.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Floor & Decor during the 3rd quarter worth approximately $34,000. Blue Trust Inc. grew its position in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares in the last quarter. Chris Bulman Inc bought a new position in Floor & Decor during the 2nd quarter worth $30,000. Wilmington Savings Fund Society FSB bought a new position in Floor & Decor during the 3rd quarter worth $74,000. Finally, UMB Bank n.a. raised its holdings in Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after acquiring an additional 196 shares in the last quarter.

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.