Floor & Decor Holdings, Inc. (NYSE:FND) Given Consensus Rating of “Hold” by Analysts

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $104.67.

A number of equities analysts have commented on FND shares. Piper Sandler decreased their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Telsey Advisory Group restated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Wedbush reiterated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th.

Floor & Decor Trading Up 2.3 %

Shares of FND opened at $104.26 on Monday. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 11.15 and a beta of 1.84. The firm has a 50 day moving average price of $104.05 and a 200-day moving average price of $105.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating 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 net margin of 4.45% and a return on equity of 9.69%. The company’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 earnings per share. As a group, equities research analysts forecast that Floor & Decor will post 1.71 earnings per share for the current year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in Floor & Decor by 4.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after purchasing an additional 138 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Floor & Decor by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock valued at $83,810,000 after acquiring an additional 115,876 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Floor & Decor by 17.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,486 shares of the company’s stock worth $1,042,000 after acquiring an additional 1,529 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Floor & Decor by 7.7% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,371 shares of the company’s stock valued at $236,000 after acquiring an additional 169 shares in the last quarter. Finally, Bridges Investment Management Inc. purchased a new stake in Floor & Decor during the 2nd quarter valued at $415,000.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.