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

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

A number of research firms have recently issued reports on FND. Piper Sandler reduced their price target on shares of Floor & Decor from $119.00 to $118.00 and set a "neutral" rating on the stock in a research note on Monday, October 28th. Telsey Advisory Group restated a "market perform" rating and set a $95.00 price target on shares of Floor & Decor in a research report on Monday, November 11th. Mizuho boosted their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Wedbush restated an "outperform" rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Finally, Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research note on Monday, November 4th.

Floor & Decor Trading Down 1.2 %

FND stock traded down $1.26 during trading on Thursday, reaching $101.07. 719,153 shares of the stock were exchanged, compared to its average volume of 1,479,325. The business has a 50 day moving average price of $106.13 and a 200-day moving average price of $106.69. Floor & Decor has a 1 year low of $89.06 and a 1 year 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. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 56.15, a P/E/G ratio of 14.75 and a beta of 1.83.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion for 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 firm's quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 earnings per share. On average, research analysts predict that Floor & Decor will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Floor & Decor by 6.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,116 shares of the company's stock valued at $2,199,000 after purchasing an additional 1,435 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Floor & Decor by 8.5% during the 2nd quarter. Principal Financial Group Inc. now owns 508,245 shares of the company's stock worth $50,525,000 after buying an additional 39,657 shares during the last quarter. Signaturefd LLC boosted its position in shares of Floor & Decor by 23.2% in the 2nd quarter. Signaturefd LLC now owns 1,845 shares of the company's stock worth $183,000 after buying an additional 348 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in Floor & Decor by 7.2% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 34,584 shares of the company's stock valued at $3,438,000 after acquiring an additional 2,323 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in Floor & Decor during the 2nd quarter valued at about $184,000.

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.