Floor & Decor Holdings Inc (NYSE:FND) Receives Consensus Rating of “Buy” from Analysts

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Shares of Floor & Decor Holdings Inc (NYSE:FND) have earned an average recommendation of “Buy” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $67.68.

A number of research firms have recently issued reports on FND. Wolfe Research initiated coverage on shares of Floor & Decor in a report on Wednesday. They issued an “outperform” rating and a $84.00 price objective on the stock. Wells Fargo & Company raised their target price on shares of Floor & Decor from $80.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, September 18th. UBS Group raised their target price on shares of Floor & Decor from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Guggenheim raised their target price on shares of Floor & Decor from $60.00 to $65.00 in a research note on Tuesday, June 23rd. Finally, Telsey Advisory Group raised their target price on shares of Floor & Decor from $58.00 to $70.00 and gave the company a “market perform” rating in a research note on Friday, July 31st.

Shares of NYSE FND traded down $0.86 during midday trading on Monday, reaching $75.53. The company’s stock had a trading volume of 627,412 shares, compared to its average volume of 1,412,539. The company has a current ratio of 1.56, a quick ratio of 0.44 and a debt-to-equity ratio of 1.30. Floor & Decor has a fifty-two week low of $24.36 and a fifty-two week high of $77.12. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 54.73, a PEG ratio of 2.72 and a beta of 2.06. The stock has a 50 day simple moving average of $72.35 and a 200-day simple moving average of $54.35.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.04. Floor & Decor had a net margin of 7.04% and a return on equity of 13.31%. The company had revenue of $462.35 million for the quarter, compared to the consensus estimate of $414.31 million. As a group, equities analysts anticipate that Floor & Decor will post 1.19 EPS for the current year.

In other news, EVP Brian K. Robbins sold 10,813 shares of Floor & Decor stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $75.65, for a total transaction of $818,003.45. Following the completion of the sale, the executive vice president now owns 43,651 shares of the company’s stock, valued at $3,302,198.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Corporate Opportunities F. Ares sold 5,431,478 shares of Floor & Decor stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $67.30, for a total value of $365,538,469.40. The disclosure for this sale can be found here. Insiders have sold 6,167,948 shares of company stock valued at $416,398,088 in the last three months. Insiders own 5.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Capital World Investors raised its stake in Floor & Decor by 5.1% in the first quarter. Capital World Investors now owns 10,815,510 shares of the company’s stock valued at $347,070,000 after purchasing an additional 528,135 shares in the last quarter. Vanguard Group Inc. raised its stake in Floor & Decor by 11.0% in the second quarter. Vanguard Group Inc. now owns 7,948,503 shares of the company’s stock valued at $458,230,000 after purchasing an additional 785,012 shares in the last quarter. FMR LLC raised its stake in Floor & Decor by 6.1% in the second quarter. FMR LLC now owns 4,591,395 shares of the company’s stock valued at $264,694,000 after purchasing an additional 264,213 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Floor & Decor by 6.7% in the second quarter. Neuberger Berman Group LLC now owns 1,911,025 shares of the company’s stock valued at $110,171,000 after purchasing an additional 119,739 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Floor & Decor by 5.6% in the first quarter. Invesco Ltd. now owns 1,789,470 shares of the company’s stock valued at $57,424,000 after purchasing an additional 95,320 shares in 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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Analyst Recommendations for Floor & Decor (NYSE:FND)

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