Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) PT at $83.95

Floor & Decor Holdings, Inc. (NYSE:FND) has received an average rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $83.25.

FND has been the topic of a number of research analyst reports. The Goldman Sachs Group raised shares of Floor & Decor from a “sell” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $71.00 in a report on Thursday, November 13th. TD Cowen lowered their price target on Floor & Decor from $80.00 to $77.00 and set a “hold” rating on the stock in a research report on Friday, October 31st. Piper Sandler raised Floor & Decor from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, November 12th. Evercore ISI reduced their target price on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Finally, Stifel Nicolaus decreased their target price on Floor & Decor from $92.00 to $90.00 and set a “buy” rating on the stock in a report on Tuesday.

Floor & Decor Trading Down 1.4%

NYSE FND opened at $60.57 on Thursday. Floor & Decor has a 12 month low of $55.11 and a 12 month high of $110.76. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average of $64.41 and a 200-day moving average of $74.32. The company has a market cap of $6.53 billion, a PE ratio of 30.28, a PEG ratio of 2.68 and a beta of 1.75.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. On average, equities research analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Insider Activity at Floor & Decor

In related news, President Bradley Paulsen acquired 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of $60.27 per share, with a total value of $301,350.00. Following the completion of the transaction, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. This trade represents a 20.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FND. Vanguard Group Inc. boosted its holdings in shares of Floor & Decor by 3.9% during the first quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock worth $818,665,000 after acquiring an additional 380,976 shares during the period. Capital World Investors lifted its holdings in Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after purchasing an additional 1,872,892 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Floor & Decor by 32.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock worth $550,228,000 after purchasing an additional 1,686,085 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Floor & Decor by 46.0% in the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after purchasing an additional 2,015,999 shares during the period. Finally, State Street Corp grew its holdings in Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after buying an additional 42,636 shares in the last quarter.

About Floor & Decor

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.