Floor & Decor Holdings, Inc. (FND) – What Are Investment Firms Thinking About This Stock?

Floor & Decor Holdings, Inc. (NYSE:FND) has been given an average recommendation of “Reduce” by the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.70.

A number of equities analysts have recently commented on the stock. TD Cowen cut their price target on shares of Floor & Decor from $58.00 to $52.00 and set a “hold” rating on the stock in a report on Friday, October 30th. Stifel Nicolaus decreased their price target on shares of Floor & Decor from $52.00 to $51.00 and set a “hold” rating for the company in a research note on Monday, November 2nd. Weiss Ratings downgraded Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 9th. Wolfe Research reiterated an “underperform” rating and set a $41.00 price target on shares of Floor & Decor in a report on Tuesday, July 21st. Finally, Robert W. Baird set a $67.00 price objective on shares of Floor & Decor in a research note on Friday, July 31st.

Floor & Decor Stock Down 0.4%

Shares of NYSE:FND opened at $51.25 on Friday. The company has a fifty day moving average of $47.44 and a 200-day moving average of $54.29. The company has a market capitalization of $5.46 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 4.31 and a beta of 1.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.44 and a current ratio of 1.32. Floor & Decor has a 52-week low of $42.64 and a 52-week high of $77.46.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. Floor & Decor’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. On average, equities analysts predict that Floor & Decor will post 1.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of FND. Principal Financial Group Inc. grew its stake in shares of Floor & Decor by 6.5% during the 1st quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock worth $347,354,000 after acquiring an additional 416,572 shares during the period. Turtle Creek Asset Management Inc. increased its position in shares of Floor & Decor by 41.7% during the first quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock valued at $140,088,000 after buying an additional 811,910 shares during the period. Dimensional Fund Advisors LP increased its holdings in Floor & Decor by 33.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock worth $132,424,000 after acquiring an additional 659,355 shares during the period. Bank of America Corp DE raised its position in shares of Floor & Decor by 15.6% in the first quarter. Bank of America Corp DE now owns 1,501,698 shares of the company’s stock worth $76,286,000 after buying an additional 202,977 shares in the last quarter. Finally, Worldly Partners Management LLC boosted its stake in Floor & Decor by 3.2% during the second quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company’s stock valued at $81,393,000 after buying an additional 42,000 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.

Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.