Floor & Decor Holdings, Inc. (NYSE:FND) Receives $104.42 Consensus Price Target from Brokerages

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received a consensus recommendation of “Hold” from the twenty brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $104.42.

A number of research firms recently issued reports on FND. TD Cowen lowered their target price on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Telsey Advisory Group reduced their target price on shares of Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research note on Friday, August 2nd. Truist Financial lowered their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Wells Fargo & Company reduced their price objective on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Finally, Evercore ISI dropped their target price on Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd.

Floor & Decor Price Performance

Shares of FND stock opened at $112.73 on Friday. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 54.46, a PEG ratio of 15.35 and a beta of 1.80. The stock has a 50-day moving average price of $111.13 and a 200 day moving average price of $110.02.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Floor & Decor by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock worth $1,262,506,000 after acquiring an additional 81,305 shares during the last quarter. Capital Research Global Investors grew its holdings 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 worth $1,020,348,000 after purchasing an additional 1,334,650 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of 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 purchasing an additional 16,125 shares during the last quarter. Capital International Investors grew its holdings in shares of Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after purchasing an additional 73,448 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Floor & Decor by 40.6% during the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock worth $102,564,000 after purchasing an additional 265,622 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.