Floor & Decor Holdings, Inc. (NYSE:FND) Receives $103.84 Consensus Price Target from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus recommendation of “Hold” from the twenty ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $103.84.

Several equities analysts have commented on FND shares. Wedbush reissued an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, August 2nd. Wells Fargo & Company decreased their price target on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. TD Cowen decreased their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Evercore ISI decreased their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a report on Tuesday, July 2nd. Finally, Piper Sandler decreased their price target on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Floor & Decor Trading Up 2.7 %

NYSE FND opened at $120.63 on Tuesday. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.27 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $12.91 billion, a PE ratio of 56.76, a price-to-earnings-growth ratio of 2.19 and a beta of 1.79. The firm’s fifty day simple moving average is $102.88 and its 200-day simple moving average is $111.03.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. As a group, sell-side analysts anticipate that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Trading of Floor & Decor

Hedge funds have recently modified their holdings of the company. Riverview Trust Co acquired a new stake in shares of Floor & Decor during the first quarter worth approximately $26,000. Rise Advisors LLC acquired a new stake in shares of Floor & Decor during the first quarter worth approximately $39,000. Chris Bulman Inc acquired a new stake in shares of Floor & Decor during the second quarter worth approximately $30,000. J.Safra Asset Management Corp increased its holdings in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares in the last quarter. Finally, RiverPark Advisors LLC increased its holdings in shares of Floor & Decor by 361.1% in the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after purchasing an additional 473 shares in the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.