Floor & Decor Holdings, Inc. (NYSE:FND) Given Average Recommendation of “Hold” by Brokerages

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given an average recommendation of “Hold” by the twenty research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $103.84.

FND has been the topic of several research analyst reports. Guggenheim cut their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company dropped their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Citigroup reduced their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Telsey Advisory Group dropped their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday, August 2nd. Finally, Truist Financial reduced their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th.

Floor & Decor Stock Performance

Shares of FND opened at $116.64 on Tuesday. The firm’s fifty day simple moving average is $101.32 and its two-hundred day simple moving average is $111.04. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $12.50 billion, a P/E ratio of 56.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter last year, the firm posted $0.66 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. As a group, analysts predict that Floor & Decor will post 1.67 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Polen Capital Management LLC grew its position in shares of Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares in the last quarter. Capital World Investors lifted its stake in shares of Floor & Decor by 5.6% during the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after acquiring an additional 627,256 shares during the last quarter. Vanguard Group Inc. boosted its position in Floor & Decor by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares during the period. Capital Research Global Investors increased its stake in shares of Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after buying an additional 1,334,650 shares during the period. Finally, Disciplined Growth Investors Inc. MN lifted its holdings in Floor & Decor by 1.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after buying an additional 16,125 shares during the period.

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.