Floor & Decor Holdings, Inc. (NYSE:FND) Stock Has Average Price Target of $55.70

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have earned an average recommendation of “Reduce” from the twenty-one research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $54.70.

Several analysts recently issued reports on FND shares. Evercore reiterated a “positive” rating on shares of Floor & Decor in a report on Friday, October 30th. Stifel Nicolaus dropped their target price on Floor & Decor from $52.00 to $51.00 and set a “hold” rating on the stock in a report on Monday. Robert W. Baird set a $67.00 target price on Floor & Decor in a report on Friday, July 31st. TD Cowen reduced their price target on Floor & Decor from $58.00 to $52.00 and set a “hold” rating on the stock in a research report on Friday, October 30th. Finally, Wells Fargo & Company decreased their price target on Floor & Decor from $55.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, October 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in shares of Floor & Decor by 6.5% in the first 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 in the last quarter. Turtle Creek Asset Management Inc. grew its stake in Floor & Decor by 41.7% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock valued at $140,088,000 after purchasing an additional 811,910 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $132,424,000 after purchasing an additional 659,355 shares in the last quarter. Worldly Partners Management LLC grew its stake in Floor & Decor by 3.2% during the 2nd quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company’s stock valued at $81,393,000 after purchasing an additional 42,000 shares in the last quarter. Finally, Madison Asset Management LLC acquired a new stake in Floor & Decor during the 2nd quarter valued at approximately $78,941,000.

Floor & Decor Price Performance

Floor & Decor stock opened at $51.51 on Friday. Floor & Decor has a 52-week low of $42.64 and a 52-week high of $77.46. The firm has a fifty day moving average of $47.49 and a 200-day moving average of $54.39. The firm has a market capitalization of $5.49 billion, a P/E ratio of 23.10, a PEG ratio of 4.49 and a beta of 1.56. The company has a quick ratio of 0.44, a current ratio of 1.32 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last issued its 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. Floor & Decor had a net margin of 5.05% and a return on equity of 8.40%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $0.53 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts predict that Floor & Decor will post 1.92 EPS for the current year.

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.