Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) has received a consensus recommendation of “Moderate Buy” from the seventeen ratings firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $104.77.
Several equities research analysts have recently weighed in on the stock. Robert W. Baird decreased their target price on shares of Floor & Decor from $130.00 to $110.00 in a research note on Monday, May 2nd. Morgan Stanley decreased their target price on shares of Floor & Decor from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, August 8th. William Blair reissued an “outperform” rating on shares of Floor & Decor in a report on Thursday, August 11th. UBS Group cut their price target on shares of Floor & Decor from $120.00 to $110.00 and set a “buy” rating for the company in a report on Monday, July 25th. Finally, Piper Sandler cut shares of Floor & Decor from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $103.00 to $75.00 in a report on Friday, July 29th.
Insider Transactions at Floor & Decor
In other news, EVP Steven Alan Denny sold 6,028 shares of Floor & Decor stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $95.10, for a total value of $573,262.80. Following the completion of the transaction, the executive vice president now directly owns 4,477 shares of the company’s stock, valued at approximately $425,762.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.70% of the company’s stock.
Institutional Trading of Floor & Decor
A number of hedge funds and other institutional investors have recently made changes to their positions in FND. Price T Rowe Associates Inc. MD raised its position in shares of Floor & Decor by 729.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,870,442 shares of the company’s stock worth $432,563,000 after buying an additional 6,042,378 shares in the last quarter. Madison Asset Management LLC bought a new stake in shares of Floor & Decor in the 2nd quarter worth approximately $35,695,000. DF Dent & Co. Inc. raised its holdings in shares of Floor & Decor by 148.1% in the 2nd quarter. DF Dent & Co. Inc. now owns 731,779 shares of the company’s stock worth $46,073,000 after purchasing an additional 436,859 shares in the last quarter. Riverbridge Partners LLC raised its holdings in shares of Floor & Decor by 53.2% in the 2nd quarter. Riverbridge Partners LLC now owns 1,077,838 shares of the company’s stock worth $67,861,000 after purchasing an additional 374,098 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Floor & Decor by 229.8% in the 4th quarter. Point72 Asset Management L.P. now owns 426,394 shares of the company’s stock worth $55,435,000 after purchasing an additional 297,094 shares in the last quarter. 96.48% of the stock is currently owned by institutional investors.
Floor & Decor Stock Performance
NYSE FND opened at $84.73 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.14. Floor & Decor has a 1 year low of $59.91 and a 1 year high of $145.89. The company has a market capitalization of $8.98 billion, a PE ratio of 32.97, a P/E/G ratio of 1.36 and a beta of 1.85. The company has a fifty day moving average of $78.72 and a two-hundred day moving average of $82.15.
Floor & Decor (NYSE:FND – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03. Floor & Decor had a net margin of 7.09% and a return on equity of 19.25%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Floor & Decor’s revenue for the quarter was up 26.7% on a year-over-year basis. As a group, analysts expect that Floor & Decor will post 2.71 earnings per share for the current year.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.
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