Floor & Decor Holdings, Inc. (NYSE:FND) Receives $104.67 Consensus Price Target from Brokerages

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has been assigned a consensus rating of "Hold" from the eighteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $104.67.

Several brokerages have recently commented on FND. Piper Sandler decreased their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company raised their price target on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Barclays raised Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Stifel Nicolaus lifted their target price on Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $95.00 price target on shares of Floor & Decor in a research note on Monday, November 11th.

Floor & Decor Stock Performance

Shares of Floor & Decor stock traded up $2.66 on Monday, hitting $99.81. 1,785,012 shares of the company's stock were exchanged, compared to its average volume of 1,162,091. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a market capitalization of $10.70 billion, a PE ratio of 55.45, a PEG ratio of 10.51 and a beta of 1.84. Floor & Decor has a 1 year low of $89.06 and a 1 year high of $135.67. The company has a 50-day simple moving average of $104.13 and a 200-day simple moving average of $105.12.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business's quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. As a group, equities analysts anticipate that Floor & Decor will post 1.71 EPS for the current year.

Institutional Trading of Floor & Decor

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of 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 buying an additional 1,291,214 shares during the period. Massachusetts Financial Services Co. MA grew its position in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock valued at $60,067,000 after acquiring an additional 333,338 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock worth $200,865,000 after purchasing an additional 223,332 shares during the period. State Street Corp lifted its position in shares of Floor & Decor by 6.3% during the third quarter. State Street Corp now owns 3,769,808 shares of the company's stock worth $468,097,000 after purchasing an additional 222,980 shares during the last quarter. Finally, DF Dent & Co. Inc. boosted its stake in shares of Floor & Decor by 30.2% during the third quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company's stock valued at $73,478,000 after purchasing an additional 137,388 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.