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

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus recommendation of “Hold” from the eighteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $104.67.

FND has been the topic of a number of analyst reports. Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective on the stock. Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. FMR LLC boosted its position in Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after acquiring an additional 333,338 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after purchasing an additional 223,332 shares in the last quarter. State Street Corp raised its position in shares of Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Finally, DF Dent & Co. Inc. lifted its stake in Floor & Decor by 30.2% in the 3rd quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock valued at $73,478,000 after buying an additional 137,388 shares in the last quarter.

Floor & Decor Stock Performance

NYSE:FND opened at $99.81 on Monday. Floor & Decor has a 52 week low of $89.06 and a 52 week high of $135.67. The company has a fifty day simple moving average of $104.13 and a two-hundred day simple moving average of $105.12. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 55.45, a price-to-earnings-growth ratio of 10.51 and a beta of 1.84.

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

About Floor & Decor

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.