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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have earned a consensus rating of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $104.83.

FND has been the topic of several research analyst reports. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. JPMorgan Chase & Co. increased their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a report on Friday, February 21st.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Capital Research Global Investors raised its position in shares of Floor & Decor by 76.8% in the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock valued at $1,327,653,000 after acquiring an additional 5,784,573 shares during the period. D. E. Shaw & Co. Inc. increased its stake in Floor & Decor by 12,208.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock valued at $132,329,000 after purchasing an additional 1,316,484 shares in the last quarter. FMR LLC raised its holdings in Floor & Decor by 34.7% in the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares during the period. Fisher Funds Management LTD acquired a new stake in Floor & Decor in the fourth quarter worth $128,797,000. Finally, Marshall Wace LLP bought a new position in shares of Floor & Decor during the fourth quarter worth $109,574,000.

Floor & Decor Trading Up 0.9 %

Shares of Floor & Decor stock opened at $85.73 on Tuesday. Floor & Decor has a 12-month low of $84.07 and a 12-month high of $135.67. The stock has a market capitalization of $9.21 billion, a P/E ratio of 45.12, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. The company has a 50-day simple moving average of $96.94 and a 200 day simple moving average of $104.67. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Research analysts expect that Floor & Decor will post 2 earnings per share for the current fiscal year.

Floor & Decor Company Profile

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.