Floor & Decor Holdings, Inc. (NYSE:FND) Receives Average Rating of “Hold” from Analysts

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received a consensus rating of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $104.67.

A number of equities analysts have recently commented on FND shares. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Stifel Nicolaus increased their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Wedbush reissued an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Friday, October 25th.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its position in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. Quarry LP purchased a new stake in Floor & Decor during the 3rd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Floor & Decor during the third quarter valued at approximately $74,000. UMB Bank n.a. lifted its holdings in Floor & Decor by 37.8% in the 3rd quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in Floor & Decor by 21.1% during the 4th quarter. Trust Co. of Vermont now owns 1,150 shares of the company’s stock worth $115,000 after purchasing an additional 200 shares during the last quarter.

Floor & Decor Stock Performance

NYSE:FND opened at $99.81 on Monday. The firm has a market capitalization of $10.70 billion, a PE ratio of 55.45, a PEG ratio of 10.51 and a beta of 1.84. The stock’s fifty day moving average is $104.13 and its 200 day moving average is $105.12. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts anticipate that Floor & Decor will post 1.71 earnings per share for the current year.

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.