Analysts Set Floor & Decor Holdings, Inc. (NYSE:FND) Price Target at $104.37

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) have received an average recommendation of "Hold" from the nineteen research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $104.37.

Several equities research analysts have weighed in on FND shares. Piper Sandler reduced their price objective on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company increased 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. Melius Research initiated coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price target for the company. Wedbush reiterated an "outperform" rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th.

Floor & Decor Price Performance

Shares of FND stock traded down $1.87 on Friday, reaching $112.21. The company's stock had a trading volume of 782,513 shares, compared to its average volume of 2,132,255. The stock's fifty day simple moving average is $109.71 and its 200-day simple moving average is $107.85. Floor & Decor has a 1 year low of $89.06 and a 1 year high of $135.67. The company has a market capitalization of $12.03 billion, a price-to-earnings ratio of 62.34, a price-to-earnings-growth ratio of 14.66 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.45% and a return on equity of 9.69%. The business's revenue was up .9% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. Analysts forecast that Floor & Decor will post 1.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Floor & Decor in the third quarter valued at about $34,000. Blue Trust Inc. lifted its position in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company's stock worth $34,000 after purchasing an additional 196 shares during the period. Chris Bulman Inc purchased a new stake in shares of Floor & Decor in the 2nd quarter worth approximately $30,000. J.Safra Asset Management Corp boosted its stake in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company's stock valued at $43,000 after purchasing an additional 372 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Floor & Decor during the third quarter valued at approximately $74,000.

About Floor & Decor

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.