Floor & Decor Holdings, Inc. (NYSE:FND) Given Average Rating of “Hold” by Analysts

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given a consensus rating of “Hold” by the twenty-one research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $102.65.

Several analysts have issued reports on FND shares. JPMorgan Chase & Co. cut their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Piper Sandler lowered their target price on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Truist Financial decreased their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Wedbush reissued an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, August 2nd. Finally, Citigroup dropped their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th.

Institutional Trading of Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the company. Wellington Management Group LLP raised its position in Floor & Decor by 40.6% in the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after acquiring an additional 265,622 shares in the last quarter. Duality Advisers LP acquired a new stake in Floor & Decor during the first quarter valued at approximately $4,238,000. Dimensional Fund Advisors LP boosted its holdings in Floor & Decor by 12.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock worth $81,099,000 after buying an additional 79,210 shares in the last quarter. American International Group Inc. grew its position in Floor & Decor by 7,906.5% in the fourth quarter. American International Group Inc. now owns 144,837 shares of the company’s stock worth $16,158,000 after buying an additional 143,028 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in shares of Floor & Decor in the fourth quarter valued at $6,212,000.

Floor & Decor Price Performance

Shares of NYSE FND opened at $119.75 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The business has a 50 day moving average price of $104.46 and a two-hundred day moving average price of $110.85. The firm has a market cap of $12.81 billion, a PE ratio of 57.85, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 earnings per share. Sell-side analysts expect that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

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.