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

Floor & Decor Holdings, Inc. (NYSE:FND) has been given a consensus rating of “Hold” by the twenty research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $104.37.

Several equities research analysts have weighed in on FND shares. Telsey Advisory Group cut their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. UBS Group dropped their price objective on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Wells Fargo & Company dropped their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, Guggenheim dropped their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd.

Insider Activity at Floor & Decor

In related news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently modified their holdings of FND. Benjamin F. Edwards & Company Inc. boosted its position in shares of Floor & Decor by 4.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after buying an additional 96 shares during the period. Vancity Investment Management Ltd boosted its position in shares of Floor & Decor by 1.5% in the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after buying an additional 111 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Floor & Decor by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock worth $2,609,000 after buying an additional 117 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Floor & Decor by 2.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after acquiring an additional 120 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Floor & Decor by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock worth $1,195,000 after acquiring an additional 121 shares in the last quarter.

Floor & Decor Price Performance

FND opened at $110.66 on Friday. The stock’s 50-day moving average price is $99.80 and its 200 day moving average price is $111.41. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 53.46, a PEG ratio of 10.13 and a beta of 1.74.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the business earned $0.66 EPS. Floor & Decor’s revenue was down .2% on a year-over-year basis. As a group, sell-side analysts expect that Floor & Decor will post 1.81 earnings per share for the current year.

About Floor & Decor

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.