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

Floor & Decor Holdings, Inc. (NYSE:FNDGet Free Report) has been assigned a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $108.05.

Several equities analysts have recently weighed in on the stock. Piper Sandler upped their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. TD Cowen lowered their target price on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. UBS Group lowered their target price on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Evercore ISI lowered their target price 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. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Monday, April 29th.

Get Our Latest Report on FND

Floor & Decor Stock Performance

Shares of FND opened at $91.25 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $9.76 billion, a P/E ratio of 44.08, a price-to-earnings-growth ratio of 9.50 and a beta of 1.73. The firm’s fifty day simple moving average is $112.32 and its two-hundred day simple moving average is $113.18. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FNDGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, analysts predict that Floor & Decor will post 1.89 EPS for the current year.

Insider Activity

In other 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 transaction of $4,274,875.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. In other Floor & Decor news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at approximately $15,157,067.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock valued at $5,182,791 in the last three months. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Simplicity Wealth LLC raised its position in Floor & Decor by 9.5% in the 2nd quarter. Simplicity Wealth LLC now owns 2,689 shares of the company’s stock worth $267,000 after purchasing an additional 234 shares during the period. Bennett Selby Investments LP raised its position in Floor & Decor by 0.7% in the 2nd quarter. Bennett Selby Investments LP now owns 112,684 shares of the company’s stock worth $11,202,000 after purchasing an additional 819 shares during the period. ST Germain D J Co. Inc. raised its position in Floor & Decor by 2.1% in the 2nd quarter. ST Germain D J Co. Inc. now owns 187,259 shares of the company’s stock worth $18,615,000 after purchasing an additional 3,870 shares during the period. GAMMA Investing LLC raised its position in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in Floor & Decor in the 1st quarter worth $133,000.

Floor & Decor Company Profile

(Get Free Report

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.

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Analyst Recommendations for Floor & Decor (NYSE:FND)

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