Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) shares gapped down prior to trading on Monday . The stock had previously closed at $72.95, but opened at $71.25. Floor & Decor shares last traded at $71.43, with a volume of 10,418 shares.
Several equities research analysts recently weighed in on FND shares. Wells Fargo & Company decreased their price objective on Floor & Decor from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th. Gordon Haskett lowered Floor & Decor from a “buy” rating to an “accumulate” rating in a report on Friday, May 6th. Jefferies Financial Group decreased their price objective on Floor & Decor from $150.00 to $146.00 and set a “buy” rating for the company in a report on Thursday, March 17th. Citigroup decreased their price objective on Floor & Decor from $137.00 to $106.00 in a report on Friday, May 13th. Finally, TheStreet lowered Floor & Decor from a “b” rating to a “c+” rating in a report on Tuesday, March 22nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.92.
The stock has a 50-day moving average of $73.80 and a two-hundred day moving average of $92.71. The company has a market cap of $7.15 billion, a P/E ratio of 26.17, a P/E/G ratio of 1.00 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.16 and a current ratio of 1.21.
Floor & Decor (NYSE:FND – Get Rating) last released its earnings results on Thursday, May 5th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1 billion. Floor & Decor had a return on equity of 20.21% and a net margin of 7.57%. Floor & Decor’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. As a group, sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2.89 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in FND. BlackRock Inc. lifted its stake in shares of Floor & Decor by 0.8% in the 1st quarter. BlackRock Inc. now owns 6,580,259 shares of the company’s stock valued at $533,001,000 after acquiring an additional 55,279 shares during the last quarter. Sands Capital Management LLC boosted its holdings in Floor & Decor by 2.1% during the 1st quarter. Sands Capital Management LLC now owns 4,221,881 shares of the company’s stock valued at $341,972,000 after acquiring an additional 88,623 shares during the period. Wasatch Advisors Inc. boosted its holdings in Floor & Decor by 0.9% during the 1st quarter. Wasatch Advisors Inc. now owns 3,306,234 shares of the company’s stock valued at $267,805,000 after acquiring an additional 28,689 shares during the period. WCM Investment Management LLC boosted its holdings in Floor & Decor by 1.3% during the 1st quarter. WCM Investment Management LLC now owns 3,110,543 shares of the company’s stock valued at $251,954,000 after acquiring an additional 40,808 shares during the period. Finally, State Street Corp boosted its holdings in Floor & Decor by 10.6% during the 4th quarter. State Street Corp now owns 2,159,497 shares of the company’s stock valued at $280,756,000 after acquiring an additional 206,424 shares during the period. Institutional investors own 96.48% of the company’s stock.
Floor & Decor Company Profile (NYSE:FND)
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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