Floor & Decor Holdings, Inc. (NYSE:FND) Receives $105.67 Consensus Target Price from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has earned a consensus rating of "Hold" from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $106.22.

Several equities research analysts recently weighed in on the stock. Telsey Advisory Group raised shares of Floor & Decor from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $95.00 to $115.00 in a report on Friday. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $110.00 to $100.00 in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a report on Monday, October 28th. Finally, Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the company. Capital Research Global Investors boosted its position in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock worth $1,327,653,000 after purchasing an additional 5,784,573 shares during the period. Vanguard Group Inc. boosted its position in Floor & Decor by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company's stock worth $976,319,000 after purchasing an additional 133,766 shares during the period. FMR LLC boosted its position in Floor & Decor by 34.7% during 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 period. State Street Corp lifted its holdings 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 buying an additional 222,980 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in shares of Floor & Decor by 3.9% during the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company's stock worth $279,732,000 after buying an additional 85,299 shares during the last quarter.

Floor & Decor Price Performance

FND stock traded down $0.34 during trading on Friday, hitting $97.54. The company had a trading volume of 1,726,169 shares, compared to its average volume of 1,425,443. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 54.19, a P/E/G ratio of 11.51 and a beta of 1.83. The business has a 50 day moving average of $100.95 and a 200 day moving average of $106.11. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

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.