BMO Capital Markets started coverage on shares of Floor & Decor Holdings, Inc. (NYSE:FND) in a report published on Thursday morning. The firm issued a market perform rating and a $41.00 target price on the stock.

“Our research supports target of 400 stores U.S. stores and 20% annual store growth, leaving us seeing a 25% five-year EPS growth rate,,” BMO Capital Markets’ analyst commented.

Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Floor & Decor Holdings from a hold rating to a buy rating and set a $45.00 price objective on the stock in a report on Tuesday. Bank of America Corporation restated a buy rating and issued a $42.00 price objective on shares of Floor & Decor Holdings in a report on Tuesday, September 5th. Loop Capital assumed coverage on shares of Floor & Decor Holdings in a report on Friday, August 18th. They issued a hold rating and a $35.00 price objective on the stock. Telsey Advisory Group boosted their price objective on shares of Floor & Decor Holdings from $38.00 to $39.00 and gave the company a market perform rating in a report on Friday, July 28th. Finally, Wedbush upgraded shares of Floor & Decor Holdings from a neutral rating to an outperform rating and set a $45.00 price objective on the stock in a report on Monday, July 24th. They noted that the move was a valuation call. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $41.07.

Floor & Decor Holdings (NYSE FND) traded up 0.44% on Thursday, hitting $38.70. 803,378 shares of the stock were exchanged. The stock’s 50 day moving average price is $35.79 and its 200 day moving average price is $37.11. Floor & Decor Holdings has a 52-week low of $29.37 and a 52-week high of $46.99. The firm has a market cap of $3.64 billion and a PE ratio of 57.00.

Floor & Decor Holdings (NYSE:FND) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $344.00 million during the quarter, compared to analysts’ expectations of $343.73 million. The business’s quarterly revenue was up 29.4% on a year-over-year basis. Equities research analysts forecast that Floor & Decor Holdings will post $0.60 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Floor & Decor Holdings, Inc. (FND) Receives New Coverage from Analysts at BMO Capital Markets” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://www.dailypolitical.com/2017/09/15/floor-decor-holdings-inc-fnd-receives-new-coverage-from-analysts-at-bmo-capital-markets.html.

In other Floor & Decor Holdings news, CEO Thomas V. Taylor sold 154,262 shares of Floor & Decor Holdings stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $5,939,087.00. Following the completion of the transaction, the chief executive officer now directly owns 158,781 shares of the company’s stock, valued at approximately $6,113,068.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Trevor Lang sold 46,200 shares of Floor & Decor Holdings stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total value of $1,778,700.00. Following the completion of the transaction, the chief financial officer now directly owns 192,519 shares of the company’s stock, valued at $7,411,981.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,118,047 shares of company stock valued at $274,044,810.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Toronto Dominion Bank acquired a new position in Floor & Decor Holdings in the 2nd quarter valued at about $157,000. Public Employees Retirement System of Ohio acquired a new position in shares of Floor & Decor Holdings during the second quarter worth about $179,000. Balyasny Asset Management LLC acquired a new position in shares of Floor & Decor Holdings during the second quarter worth about $212,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Floor & Decor Holdings during the second quarter worth about $216,000. Finally, Neuberger Berman Group LLC acquired a new position in shares of Floor & Decor Holdings during the second quarter worth about $287,000. 92.78% of the stock is owned by institutional investors.

About Floor & Decor Holdings

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

Analyst Recommendations for Floor & Decor Holdings (NYSE:FND)

Receive News & Ratings for Floor & Decor Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.