Floor & Decor Holdings Inc (NYSE:FND) has been given an average rating of “Buy” by the twenty-three analysts that are presently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and twelve have assigned 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 $67.68.
A number of equities research analysts have weighed in on FND shares. Telsey Advisory Group lifted their target price on Floor & Decor from $58.00 to $70.00 and gave the company a “market perform” rating in a research report on Friday, July 31st. Morgan Stanley lifted their target price on Floor & Decor from $28.00 to $70.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Guggenheim lifted their target price on Floor & Decor from $60.00 to $65.00 in a research report on Tuesday, June 23rd. UBS Group lifted their target price on Floor & Decor from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Wolfe Research started coverage on Floor & Decor in a research report on Wednesday. They set an “outperform” rating and a $84.00 target price for the company.
Shares of FND stock traded down $0.86 on Monday, reaching $75.53. 627,412 shares of the company’s stock were exchanged, compared to its average volume of 1,412,539. Floor & Decor has a 52 week low of $24.36 and a 52 week high of $77.12. The company has a current ratio of 1.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $7.81 billion, a PE ratio of 54.73, a P/E/G ratio of 2.72 and a beta of 2.06. The company’s fifty day simple moving average is $72.35 and its 200 day simple moving average is $54.35.
Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.04. Floor & Decor had a return on equity of 13.31% and a net margin of 7.04%. The firm had revenue of $462.35 million during the quarter, compared to analyst estimates of $414.31 million. As a group, sell-side analysts predict that Floor & Decor will post 1.19 earnings per share for the current fiscal year.
In related news, Director Peter Starrett sold 16,455 shares of the business’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $60.00, for a total transaction of $987,300.00. Following the transaction, the director now directly owns 23,317 shares in the company, valued at approximately $1,399,020. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas V. Taylor sold 75,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $63.85, for a total value of $4,788,750.00. Following the transaction, the chief executive officer now owns 311,668 shares in the company, valued at $19,900,001.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,167,948 shares of company stock worth $416,398,088. 5.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Lenox Wealth Management Inc. purchased a new stake in Floor & Decor during the 2nd quarter valued at about $48,000. Capital Analysts LLC purchased a new stake in Floor & Decor during the 2nd quarter valued at about $49,000. Private Advisor Group LLC purchased a new stake in Floor & Decor during the 2nd quarter valued at about $56,000. C M Bidwell & Associates Ltd. purchased a new stake in Floor & Decor during the 1st quarter valued at about $73,000. Finally, Rockefeller Capital Management L.P. grew its stake in Floor & Decor by 137,400.0% during the 1st quarter. Rockefeller Capital Management L.P. now owns 2,750 shares of the company’s stock valued at $88,000 after purchasing an additional 2,748 shares during the last quarter.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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