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

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have 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 1-year price objective among analysts that have issued ratings on the stock in the last year is $104.37.

FND has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Piper Sandler dropped their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of FND. FMR LLC boosted its position in Floor & Decor by 34.7% in 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 during the last quarter. XN LP purchased a new position in shares of Floor & Decor in the second quarter worth approximately $70,177,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares during the last quarter. State Street Corp grew its position in Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after buying an additional 222,980 shares during the period. Finally, Natixis Advisors LLC raised its position in Floor & Decor by 94.7% in the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after acquiring an additional 173,518 shares during the period.

Floor & Decor Trading Down 0.9 %

NYSE FND opened at $107.21 on Friday. The stock has a market cap of $11.50 billion, a P/E ratio of 59.56, a price-to-earnings-growth ratio of 14.54 and a beta of 1.82. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The stock has a 50 day simple moving average of $108.88 and a two-hundred day simple moving average of $107.64. 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 issued its quarterly earnings data 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 net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.61 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, analysts forecast that Floor & Decor will post 1.71 earnings per share for the current 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.