Floor & Decor Holdings, Inc. (NYSE:FND) Receives Consensus Rating of “Moderate Buy” from Brokerages
Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) has earned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $107.75.
Several research analysts have weighed in on FND shares. The Goldman Sachs Group cut Floor & Decor from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $109.00 to $64.00 in a research report on Monday, June 27th. Citigroup cut their price objective on Floor & Decor from $137.00 to $106.00 in a research report on Friday, May 13th. Gordon Haskett cut Floor & Decor from a “buy” rating to an “accumulate” rating in a research report on Friday, May 6th. TheStreet cut Floor & Decor from a “b” rating to a “c+” rating in a research report on Tuesday, March 22nd. Finally, Robert W. Baird dropped their price target on Floor & Decor from $130.00 to $110.00 in a research report on Monday, May 2nd.
FND stock opened at $71.61 on Friday. The stock’s fifty day simple moving average is $71.51 and its two-hundred day simple moving average is $89.58. The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 0.14. Floor & Decor has a 1-year low of $59.91 and a 1-year high of $145.89. The stock has a market cap of $7.58 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.00 and a beta of 1.77.
Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.03. Floor & Decor had a return on equity of 20.21{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a net margin of 7.57{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business’s revenue was up 31.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} on a year-over-year basis. As a group, analysts forecast that Floor & Decor will post 2.89 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in FND. Allspring Global Investments Holdings LLC bought a new position in Floor & Decor in the 4th quarter worth about $153,975,000. Riverbridge Partners LLC increased its stake in Floor & Decor by 75.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 1st quarter. Riverbridge Partners LLC now owns 703,740 shares of the company’s stock worth $57,003,000 after acquiring an additional 303,436 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Floor & Decor by 229.8{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 4th quarter. Point72 Asset Management L.P. now owns 426,394 shares of the company’s stock worth $55,435,000 after acquiring an additional 297,094 shares during the last quarter. Invesco Ltd. increased its stake in Floor & Decor by 13.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 4th quarter. Invesco Ltd. now owns 2,024,606 shares of the company’s stock worth $263,218,000 after acquiring an additional 242,775 shares during the last quarter. Finally, State Street Corp increased its stake in Floor & Decor by 10.6{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the 4th quarter. State Street Corp now owns 2,159,497 shares of the company’s stock worth $280,756,000 after acquiring an additional 206,424 shares during the last quarter. Institutional investors and hedge funds own 96.48{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company’s stock.
Floor & Decor Company Profile (Get Rating)
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.
Further Reading
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