Floor & Decor Holdings, Inc. (NYSE:FND) Receives Average Rating of "Hold" from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has received an average recommendation of "Hold" from the nineteen analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $106.68.

FND has been the topic of several recent analyst reports. Wedbush downgraded shares of Floor & Decor from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 target price for the company. in a research note on Thursday, January 30th. Piper Sandler dropped their price target on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus upgraded Floor & Decor from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $110.00 in a report on Monday, February 24th.

Floor & Decor Stock Down 1.2 %

Shares of FND traded down $1.10 during trading hours on Tuesday, hitting $88.75. 591,490 shares of the company were exchanged, compared to its average volume of 1,484,903. 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 company has a market cap of $9.53 billion, a PE ratio of 46.76, a PEG ratio of 19.06 and a beta of 1.95. The firm's 50 day moving average is $97.64 and its 200-day moving average is $105.14. Floor & Decor has a 52 week low of $85.86 and a 52 week high of $135.67.

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Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.08 billion. On average, equities research analysts forecast that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Challenger Wealth Management acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $249,000. Forum Financial Management LP bought a new stake in Floor & Decor during the 4th quarter worth approximately $202,000. Cache Advisors LLC acquired a new stake in Floor & Decor during the 4th quarter valued at $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Floor & Decor by 10.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company's stock valued at $30,871,000 after purchasing an additional 29,480 shares during the last quarter. Finally, Worldly Partners Management LLC boosted its stake in Floor & Decor by 1.7% in the fourth quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company's stock worth $103,427,000 after purchasing an additional 17,780 shares in the last quarter.

Floor & Decor Company Profile

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.