Floor & Decor Holdings, Inc. (NYSE:FND) Receives $104.37 Average Price Target from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $104.37.

FND has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Wedbush reiterated an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC increased its stake in shares of Floor & Decor by 0.6% in the first quarter. Janus Henderson Group PLC now owns 56,783 shares of the company’s stock worth $7,359,000 after purchasing an additional 334 shares during the period. Tidal Investments LLC bought a new stake in shares of Floor & Decor in the first quarter valued at approximately $230,000. Cetera Investment Advisers increased its holdings in shares of Floor & Decor by 263.8% during the 1st quarter. Cetera Investment Advisers now owns 27,426 shares of the company’s stock worth $3,555,000 after purchasing an additional 19,888 shares during the period. Cetera Advisors LLC bought a new stake in shares of Floor & Decor during the first quarter valued at approximately $637,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in Floor & Decor by 18.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 35,600 shares of the company’s stock worth $4,615,000 after purchasing an additional 5,664 shares during the period.

Floor & Decor Stock Performance

Shares of FND opened at $111.28 on Friday. The stock has a market capitalization of $11.93 billion, a P/E ratio of 61.82, a P/E/G ratio of 14.62 and a beta of 1.82. Floor & Decor has a 12-month low of $89.06 and a 12-month high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm’s 50 day moving average is $109.55 and its 200-day moving average is $107.70.

Floor & Decor (NYSE:FND) last released 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 business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company’s revenue was up .9% compared to the same quarter last year. During the same period last year, the company posted $0.61 EPS. Equities research analysts anticipate that Floor & Decor will post 1.71 EPS 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.