Wedbush initiated coverage on shares of Floor & Decor Holdings, Inc. (NYSE:FND) in a research report released on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $45.00 target price on the stock.
A number of other brokerages have also issued reports on FND. Credit Suisse Group set a $43.00 target price on Floor & Decor Holdings and gave the company a buy rating in a research report on Sunday, May 28th. Bank of America Corporation reiterated a neutral rating and set a $42.00 target price (up previously from $40.00) on shares of Floor & Decor Holdings in a research report on Sunday, May 28th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $28.00 target price (up previously from $25.00) on shares of Floor & Decor Holdings in a research report on Sunday, May 28th. Piper Jaffray Companies reiterated a neutral rating and set a $42.00 target price (up previously from $40.00) on shares of Floor & Decor Holdings in a research report on Sunday, May 28th. Finally, Wells Fargo & Company started coverage on Floor & Decor Holdings in a research report on Friday, May 26th. They set a market perform rating and a $40.00 target price on the stock. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $41.11.
Shares of Floor & Decor Holdings (NYSE FND) opened at 43.14 on Wednesday. Floor & Decor Holdings has a 52-week low of $29.37 and a 52-week high of $45.60. The company has a market cap of $3.60 billion and a PE ratio of 80.49. The stock’s 50 day moving average is $38.36 and its 200 day moving average is $38.03.
Floor & Decor Holdings (NYSE:FND) last announced its earnings results on Thursday, May 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $307.30 million for the quarter, compared to analysts’ expectations of $306.16 million. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. Equities analysts forecast that Floor & Decor Holdings will post $0.57 EPS for the current year.
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In related news, SVP David Victor Christopherson bought 2,500 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was acquired at an average cost of $21.00 per share, with a total value of $52,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian K. Robbins bought 3,560 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was bought at an average cost of $21.00 per share, with a total value of $74,760.00. Following the completion of the purchase, the executive vice president now directly owns 3,560 shares in the company, valued at $74,760. The disclosure for this purchase can be found here.
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).
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