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

Floor & Decor Holdings, Inc. (NYSE:FND) has earned a consensus rating of “Hold” from the twenty-one research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $102.65.

A number of equities research analysts recently weighed in on FND shares. Telsey Advisory Group lowered 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. decreased their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Truist Financial dropped their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. TD Cowen reduced their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Finally, Citigroup dropped their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research note on Friday, July 19th.

Institutional Trading of Floor & Decor

Several institutional investors have recently made changes to their positions in FND. Polen Capital Management LLC grew its position in Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after acquiring an additional 25,141,795 shares during the period. Capital World Investors increased its position in Floor & Decor by 5.6% during the 4th quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after purchasing an additional 627,256 shares in the last quarter. Vanguard Group Inc. raised its holdings in Floor & Decor by 0.8% in the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock valued at $1,262,506,000 after buying an additional 81,305 shares during the period. Capital Research Global Investors lifted its position in Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after buying an additional 1,334,650 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN grew its stake in Floor & Decor by 1.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after buying an additional 16,125 shares during the period.

Floor & Decor Trading Up 0.1 %

Shares of FND stock opened at $119.75 on Tuesday. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The business’s fifty day moving average price is $104.46 and its 200 day moving average price is $110.85. The firm has a market capitalization of $12.81 billion, a PE ratio of 57.85, a P/E/G ratio of 2.19 and a beta of 1.79.

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