Shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $92.53.
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FND has been the subject of several recent research reports. Credit Suisse Group began coverage on shares of Floor & Decor in a report on Monday, December 19th. They set a “neutral” rating and a $80.00 target price for the company. Guggenheim dropped their target price on shares of Floor & Decor to $90.00 in a research report on Tuesday, November 1st. Robert W. Baird dropped their target price on shares of Floor & Decor from $95.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, November 4th. Citigroup lifted their target price on shares of Floor & Decor from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, November 23rd. Finally, Telsey Advisory Group lowered their price target on shares of Floor & Decor from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, October 31st.
Floor & Decor Price Performance
NYSE FND opened at $88.50 on Thursday. The company has a market cap of $9.39 billion, a PE ratio of 34.17, a P/E/G ratio of 1.14 and a beta of 1.72. Floor & Decor has a 52-week low of $59.91 and a 52-week high of $112.79. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.17 and a current ratio of 1.41. The firm’s 50 day moving average price is $76.44 and its 200-day moving average price is $77.36.
Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Floor & Decor had a net margin of 6.75% and a return on equity of 18.96%. Sell-side analysts forecast that Floor & Decor will post 2.67 EPS for the current fiscal year.
Institutional Investors Weigh In On Floor & Decor
Several hedge funds have recently modified their holdings of FND. Price T Rowe Associates Inc. MD lifted its position in Floor & Decor by 729.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 6,870,442 shares of the company’s stock valued at $432,563,000 after buying an additional 6,042,378 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Floor & Decor by 44.2% during the third quarter. WCM Investment Management LLC now owns 4,317,473 shares of the company’s stock valued at $307,188,000 after purchasing an additional 1,324,188 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Floor & Decor by 2,395.4% during the third quarter. Point72 Asset Management L.P. now owns 688,625 shares of the company’s stock valued at $48,383,000 after purchasing an additional 718,625 shares during the period. Madison Asset Management LLC bought a new stake in shares of Floor & Decor in the second quarter worth $35,695,000. Finally, Timucuan Asset Management Inc. FL increased its stake in shares of Floor & Decor by 31.2% in the third quarter. Timucuan Asset Management Inc. FL now owns 1,848,835 shares of the company’s stock worth $129,899,000 after buying an additional 439,430 shares during the last quarter.
About Floor & Decor
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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