Analysts Set Floor & Decor Holdings, Inc. (NYSE:FND) PT at $93.56

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $93.56.

Several research firms recently issued reports on FND. The Goldman Sachs Group reduced their price target on Floor & Decor from $81.00 to $70.00 and set a “sell” rating on the stock in a research report on Friday, May 2nd. Barclays cut their target price on shares of Floor & Decor from $91.00 to $78.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Gordon Haskett downgraded shares of Floor & Decor from a “buy” rating to a “hold” rating in a research note on Friday, April 4th. Evercore ISI dropped their price target on shares of Floor & Decor from $95.00 to $90.00 and set an “in-line” rating for the company in a research report on Tuesday, April 1st. Finally, Piper Sandler cut their price target on shares of Floor & Decor from $90.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Huntington National Bank raised its holdings in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Floor & Decor during the 4th quarter valued at $35,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after buying an additional 152 shares during the period. Blue Trust Inc. grew its position in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company’s stock worth $44,000 after buying an additional 166 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in shares of Floor & Decor in the 1st quarter worth about $47,000.

Floor & Decor Price Performance

FND stock opened at $72.97 on Friday. The firm has a market cap of $7.85 billion, a P/E ratio of 38.41, a P/E/G ratio of 19.06 and a beta of 1.79. The firm’s fifty day moving average is $75.39 and its 200 day moving average is $91.62. Floor & Decor has a 52 week low of $66.01 and a 52 week high of $126.24. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Research analysts predict that Floor & Decor will post 2 earnings per share for the current year.

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.