Floor & Decor Holdings, Inc. (NYSE:FND) Receives Average Rating of “Hold” from Brokerages

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $104.37.

Several equities analysts recently issued reports on the company. Mizuho raised their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research note on Monday, November 11th. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a report on Friday, October 25th. Wells Fargo & Company upped their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Melius Research started coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in shares of Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after acquiring an additional 223,332 shares during the period. Principal Financial Group Inc. raised its stake in shares of Floor & Decor by 6.0% in the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after purchasing an additional 30,310 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Floor & Decor by 20.0% in the third quarter. Retirement Systems of Alabama now owns 158,440 shares of the company’s stock valued at $19,673,000 after purchasing an additional 26,362 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Floor & Decor by 2.0% during the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after buying an additional 130 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Floor & Decor during the third quarter worth about $74,000.

Floor & Decor Trading Down 0.2 %

Shares of NYSE FND opened at $99.70 on Thursday. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a 50-day moving average of $105.63 and a two-hundred day moving average of $106.08. The company has a market cap of $10.69 billion, a PE ratio of 55.39, a P/E/G ratio of 14.75 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, equities analysts expect that Floor & Decor will post 1.71 earnings per share for the current fiscal year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.