Floor & Decor Holdings Inc (NYSE:FND) Receives $46.15 Average Target Price from Analysts

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Shares of Floor & Decor Holdings Inc (NYSE:FND) have received a consensus recommendation of “Hold” from the twenty-three research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $46.47.

Several brokerages have weighed in on FND. Raymond James began coverage on Floor & Decor in a report on Monday, October 7th. They issued a “strong-buy” rating and a $70.00 target price for the company. Loop Capital upped their price objective on Floor & Decor from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, October 14th. Guggenheim set a $55.00 price objective on Floor & Decor and gave the stock a “buy” rating in a research note on Thursday, September 12th. Piper Jaffray Companies set a $49.00 price objective on Floor & Decor and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Zacks Investment Research cut Floor & Decor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Shares of FND stock traded up $0.30 during mid-day trading on Monday, hitting $44.61. The stock had a trading volume of 1,257,825 shares, compared to its average volume of 1,207,672. Floor & Decor has a 12-month low of $23.30 and a 12-month high of $53.00. The firm has a market capitalization of $4.53 billion, a P/E ratio of 45.99, a price-to-earnings-growth ratio of 1.76 and a beta of 1.94. The firm’s 50-day moving average is $48.45 and its two-hundred day moving average is $43.81. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.33 and a quick ratio of 0.28.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, August 1st. The company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Floor & Decor had a return on equity of 18.32% and a net margin of 6.35%. The business had revenue of $520.31 million during the quarter, compared to analysts’ expectations of $510.73 million. During the same period in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. Analysts expect that Floor & Decor will post 1.11 EPS for the current year.

In other news, CEO Thomas V. Taylor sold 26,985 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $43.54, for a total value of $1,174,926.90. Following the transaction, the chief executive officer now directly owns 75,618 shares of the company’s stock, valued at $3,292,407.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fs Equity Partners Vi, L.P. sold 3,500,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $43.00, for a total value of $150,500,000.00. The disclosure for this sale can be found here. Insiders sold 4,184,186 shares of company stock worth $182,538,651 over the last three months. Corporate insiders own 7.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in Floor & Decor during the second quarter worth about $52,000. Aperio Group LLC acquired a new stake in Floor & Decor during the second quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Floor & Decor by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,725 shares of the company’s stock worth $156,000 after acquiring an additional 346 shares during the period. Strs Ohio acquired a new stake in Floor & Decor during the third quarter worth about $191,000. Finally, Metropolitan Life Insurance Co NY grew its holdings in Floor & Decor by 18.3% during the first quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock worth $181,000 after acquiring an additional 680 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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Analyst Recommendations for Floor & Decor (NYSE:FND)

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