Floor & Decor (NYSE:FND) Shares Down 4.3% - Time to Sell?

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report)'s share price traded down 4.3% during mid-day trading on Thursday . The company traded as low as $97.09 and last traded at $97.33. 522,221 shares were traded during trading, a decline of 65% from the average session volume of 1,475,066 shares. The stock had previously closed at $101.74.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FND shares. Wells Fargo & Company boosted their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Wedbush restated an "outperform" rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Melius Research assumed coverage on Floor & Decor in a report on Monday, September 23rd. They issued a "sell" rating and a $80.00 target price on the stock. Stifel Nicolaus lifted their price target on Floor & Decor from $97.50 to $100.00 and gave the company a "hold" rating in a research note on Monday, November 4th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $95.00 price objective on shares of Floor & Decor in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $104.37.

Floor & Decor Stock Down 4.2 %

The firm has a market capitalization of $10.45 billion, a price-to-earnings ratio of 54.14, a P/E/G ratio of 14.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a fifty day moving average of $107.43 and a two-hundred day moving average of $107.29.

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

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings in Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company's stock worth $60,067,000 after purchasing an additional 333,338 shares in the last quarter. Conway Capital Management Inc. acquired a new stake in shares of Floor & Decor during the 3rd quarter worth approximately $1,090,000. Citigroup Inc. increased its stake in shares of Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company's stock valued at $9,632,000 after acquiring an additional 16,569 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Floor & Decor by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company's stock valued at $103,003,000 after acquiring an additional 12,109 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Floor & Decor by 6.0% during the third quarter. Principal Financial Group Inc. now owns 538,555 shares of the company's stock worth $66,872,000 after acquiring an additional 30,310 shares in the last quarter.

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.