Analysts Set Floor & Decor Holdings, Inc. (NYSE:FND) Target Price at $104.42

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given a consensus rating of “Hold” by the twenty analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $104.42.

FND has been the subject of several analyst reports. Guggenheim cut their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Melius Research assumed coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price on the stock. Robert W. Baird lowered their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research note on Monday, July 29th. Finally, Wells Fargo & Company reduced their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th.

Floor & Decor Stock Up 1.5 %

Shares of NYSE FND opened at $110.04 on Friday. The firm’s 50-day moving average is $112.18 and its two-hundred day moving average is $109.80. The company has a market capitalization of $11.78 billion, a PE ratio of 53.16, a price-to-earnings-growth ratio of 15.35 and a beta of 1.80. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. raised its stake in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after acquiring an additional 196 shares during the period. Baskin Financial Services Inc. raised its position in Floor & Decor by 2.4% in the third quarter. Baskin Financial Services Inc. now owns 221,311 shares of the company’s stock valued at $27,480,000 after purchasing an additional 5,189 shares during the period. NBC Securities Inc. lifted its stake in shares of Floor & Decor by 64.1% during the third quarter. NBC Securities Inc. now owns 2,899 shares of the company’s stock worth $359,000 after purchasing an additional 1,132 shares in the last quarter. CHICAGO TRUST Co NA purchased a new stake in shares of Floor & Decor in the third quarter worth about $246,000. Finally, UMB Bank n.a. grew its stake in shares of Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after buying 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.