Floor & Decor Holdings, Inc. (NYSE:FND) Receives Consensus Rating of “Hold” from Analysts
Shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) have received a consensus rating of “Hold” from the twenty research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $94.61.
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A number of equities analysts recently issued reports on the company. Citigroup decreased their price objective on Floor & Decor from $115.00 to $110.00 and set a “buy” rating for the company in a report on Friday, March 3rd. Robert W. Baird increased their price objective on Floor & Decor from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Gordon Haskett lowered Floor & Decor from an “accumulate” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Friday, February 10th. Telsey Advisory Group decreased their price target on Floor & Decor from $90.00 to $85.00 and set a “market perform” rating for the company in a research note on Friday, February 24th. Finally, Loop Capital increased their price target on Floor & Decor from $65.00 to $82.00 and gave the company a “hold” rating in a research note on Monday, February 27th.
Floor & Decor Trading Up 2.1 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Shares of NYSE FND opened at $90.58 on Friday. The stock’s 50 day moving average price is $89.68 and its two-hundred day moving average price is $79.58. Floor & Decor has a 52-week low of $59.91 and a 52-week high of $104.83. The stock has a market capitalization of $9.62 billion, a P/E ratio of 32.70, a PEG ratio of 1.50 and a beta of 1.82. The company has a quick ratio of 0.16, a current ratio of 1.45 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 for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Floor & Decor had a return on equity of 19.35{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a net margin of 6.99{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The business’s quarterly revenue was up 14.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. On average, analysts anticipate that Floor & Decor will post 2.74 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Floor & Decor news, EVP David Victor Christopherson sold 4,000 shares of the 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 transaction, the executive vice president now directly owns 56,527 shares of the company’s stock, valued at $5,200,484. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP David Victor Christopherson sold 4,000 shares of the firm’s 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 of the company’s stock, valued at $5,200,484. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard L. Sullivan sold 1,734 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $91.94, for a total value of $159,423.96. Following the completion of the sale, the director now directly owns 9,189 shares in the company, valued at $844,836.66. The disclosure for this sale can be found here. Company insiders own 2.70{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company’s stock.
Institutional Investors Weigh In On Floor & Decor
A number of institutional investors have recently added to or reduced their stakes in FND. Cambridge Investment Research Advisors Inc. grew its position in Floor & Decor by 32.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,652 shares of the company’s stock worth $539,000 after buying an additional 1,619 shares in the last quarter. HighTower Advisors LLC lifted its stake in Floor & Decor by 28.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. HighTower Advisors LLC now owns 13,092 shares of the company’s stock worth $1,062,000 after purchasing an additional 2,882 shares during the period. PNC Financial Services Group Inc. lifted its stake in Floor & Decor by 84.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. PNC Financial Services Group Inc. now owns 9,055 shares of the company’s stock worth $733,000 after purchasing an additional 4,138 shares during the period. Bank of Montreal Can lifted its stake in Floor & Decor by 4.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. Bank of Montreal Can now owns 11,755 shares of the company’s stock worth $1,047,000 after purchasing an additional 490 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Floor & Decor by 273.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 789 shares of the company’s stock worth $64,000 after purchasing an additional 578 shares during the period.
Floor & Decor Company Profile
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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