Floor & Decor Holdings, Inc. (NYSE:FND) Given Average Recommendation of “Hold” by Brokerages
Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) has earned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $91.59.
A number of research analysts have recently issued reports on the company. Citigroup cut their price target on Floor & Decor from $115.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, March 3rd. Loop Capital raised their target price on shares of Floor & Decor from $65.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, February 27th. Telsey Advisory Group decreased their price objective on Floor & Decor from $90.00 to $85.00 and set a “market perform” rating for the company in a report on Friday, February 24th. Roth Capital raised their price target on Floor & Decor from $72.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, February 27th. Finally, Credit Suisse Group initiated coverage on shares of Floor & Decor in a report on Monday, December 19th. They set a “neutral” rating and a $80.00 price objective on the stock.
Floor & Decor Trading Up 5.8 %
NYSE FND opened at $97.74 on Tuesday. The stock has a market cap of $10.38 billion, a PE ratio of 35.29, a PEG ratio of 1.56 and a beta of 1.86. Floor & Decor has a 12 month low of $59.91 and a 12 month high of $102.61. The company’s 50-day moving average price is $93.42 and its 200-day moving average price is $81.34. The company has a current ratio of 1.45, a quick ratio of 0.16 and a debt-to-equity ratio of 0.24.
Floor & Decor (NYSE:FND – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. Floor & Decor had a return on equity of 19.35% and a net margin of 6.99%. Floor & Decor’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.44 earnings per share. Equities research analysts forecast that Floor & Decor will post 2.74 earnings per share for the current year.
Insider Buying and Selling at Floor & Decor
In related news, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total value of $368,000.00. Following the sale, the executive vice president now directly owns 56,527 shares in the company, valued at approximately $5,200,484. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Floor & Decor news, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total transaction of $368,000.00. Following the sale, the executive vice president now owns 56,527 shares of the company’s stock, valued at approximately $5,200,484. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard L. Sullivan sold 1,734 shares of the company’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $91.94, for a total transaction of $159,423.96. Following the sale, the director now directly owns 9,189 shares of the company’s stock, valued at approximately $844,836.66. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Wipfli Financial Advisors LLC purchased a new stake in shares of Floor & Decor during the 3rd quarter valued at approximately $25,000. PARK CIRCLE Co acquired a new position in shares of Floor & Decor in the 3rd quarter valued at $28,000. FourThought Financial LLC grew its holdings in shares of Floor & Decor by 47.9% during the 3rd quarter. FourThought Financial LLC now owns 463 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $35,000. Finally, Standard Family Office LLC purchased a new stake in Floor & Decor in the 3rd quarter valued at about $48,000.
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.
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