Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) Target Price at $104.37

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been assigned an average rating of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $104.37.

A number of analysts have recently commented on the company. Wedbush restated an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research report on Monday, November 11th. Wells Fargo & Company upped their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Mizuho raised their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Piper Sandler decreased their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc boosted its position in Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after acquiring an additional 110 shares during the last quarter. King Luther Capital Management Corp increased its holdings in Floor & Decor by 1.2% in the 2nd quarter. King Luther Capital Management Corp now owns 10,987 shares of the company’s stock valued at $1,092,000 after purchasing an additional 127 shares in the last quarter. Tidal Investments LLC raised its position in Floor & Decor by 2.0% in the third quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock valued at $835,000 after purchasing an additional 130 shares during the period. Commonwealth Equity Services LLC grew its holdings in Floor & Decor by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock valued at $333,000 after purchasing an additional 138 shares in the last quarter. Finally, Silver Coast Investments LLC increased its holdings in Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company’s stock worth $382,000 after purchasing an additional 150 shares during the last quarter.

Floor & Decor Stock Down 0.6 %

Floor & Decor stock opened at $111.28 on Friday. The business has a fifty day moving average of $109.55 and a two-hundred day moving average of $107.70. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The firm has a market cap of $11.93 billion, a P/E ratio of 61.82, a P/E/G ratio of 14.62 and a beta of 1.82.

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

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.