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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been assigned an average rating of “Hold” from the twenty research firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $104.37.

Several analysts recently weighed in on FND shares. Mizuho cut their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Evercore ISI cut their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Piper Sandler cut their price target on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Telsey Advisory Group cut their price target on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Finally, TD Cowen cut their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th.

Insider Buying and Selling

In related news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Riverview Trust Co purchased a new stake in Floor & Decor during the 1st quarter valued at approximately $26,000. Chris Bulman Inc purchased a new stake in Floor & Decor during the 2nd quarter valued at approximately $30,000. Rise Advisors LLC purchased a new stake in Floor & Decor during the 1st quarter valued at approximately $39,000. J.Safra Asset Management Corp grew its holdings in Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after buying an additional 167 shares in the last quarter.

Floor & Decor Stock Down 0.3 %

Shares of Floor & Decor stock opened at $110.66 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The stock has a market capitalization of $11.84 billion, a price-to-earnings ratio of 53.46, a P/E/G ratio of 10.13 and a beta of 1.74. The company’s 50 day moving average price is $99.80 and its 200-day moving average price is $111.41.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Floor & Decor will post 1.81 EPS for the current 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.