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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $104.37.

FND has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Piper Sandler lowered their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Stifel Nicolaus raised their target price on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Melius Research began coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price objective on shares of Floor & Decor in a research note on Monday, November 11th.

Floor & Decor Stock Up 0.4 %

FND opened at $102.33 on Thursday. The business has a 50 day moving average of $106.28 and a 200-day moving average of $106.73. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 56.85, 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 has a 1-year low of $89.06 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND) last released its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the company earned $0.61 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Floor & Decor will post 1.71 earnings per share for the current year.

Hedge Funds Weigh In On Floor & Decor

Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its position in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. XN LP bought a new position in Floor & Decor in the 2nd quarter worth approximately $70,177,000. Massachusetts Financial Services Co. MA lifted its holdings in Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares in the last quarter. State Street Corp boosted its position in Floor & Decor by 6.3% in the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after buying an additional 222,980 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in Floor & Decor by 94.7% in the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after buying an additional 173,518 shares during the last quarter.

About Floor & Decor

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.