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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) have earned an average recommendation of "Hold" from the twenty research firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $104.37.

A number of research firms have weighed in on FND. TD Cowen reduced their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "hold" rating for the company in a research report on Friday, July 12th. Robert W. Baird reduced their target price on shares of Floor & Decor from $127.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, July 29th. JPMorgan Chase & Co. reduced their target price on shares of Floor & Decor from $99.00 to $92.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Guggenheim reduced their target price on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Finally, Melius Research started coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 target price for the company.

Floor & Decor Price Performance

NYSE:FND traded down $7.64 during trading hours on Wednesday, reaching $101.08. 5,573,456 shares of the company were exchanged, compared to its average volume of 1,450,575. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The stock's 50-day moving average is $111.34 and its 200-day moving average is $108.74. The firm has a market cap of $10.83 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 13.57 and a beta of 1.83. Floor & Decor has a twelve month low of $77.01 and a twelve month high of $135.67.

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

Institutional Investors Weigh In On Floor & Decor

Institutional investors and hedge funds have recently made changes to their positions in the stock. CIBC Asset Management Inc lifted its stake in Floor & Decor by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company's stock worth $386,000 after acquiring an additional 110 shares in the last quarter. Vancity Investment Management Ltd lifted its position in shares of Floor & Decor by 1.5% during the first quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company's stock worth $991,000 after purchasing an additional 111 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Floor & Decor by 1.2% in the second quarter. King Luther Capital Management Corp now owns 10,987 shares of the company's stock valued at $1,092,000 after purchasing an additional 127 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Floor & Decor by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company's stock valued at $333,000 after purchasing an additional 138 shares during the period. Finally, Silver Coast Investments LLC increased its stake in Floor & Decor by 5.1% during the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock worth $382,000 after buying an additional 150 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.