#4 - Floor & Décor Holdings (NYSE:FND)
Similar to TopBuild, Floor & Décor Holdings (NYSE:FND) is another supplier for the construction industry. It specializes in hard surface flooring and related products. FND stock is up over 10% in 2020. And looking at the stock through a wider lens, it’s up over 35% in the last 12 months.
It goes without saying that hard surface flooring is one of the key selling points for many homebuyers. And that’s not likely to go away any time soon. That should be a catalyst for the stock, not only for new construction but for remodels as well.
Floor & Décor Holdings has shown impressive growth despite just becoming an entity 20 years ago. The company has a market cap of $5.7 billion dollars. Part of that growth was being nimble enough to move into areas where competitors had been beaten up during the financial crisis and using the low-interest rates to grow the business.
On June 17, UBS raised its price target for the company from $48 to $65. That would be a nearly 15% gain from its current level.
About Floor & Decor
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.
- Current Price
- $102.79
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 11 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $104.67 (1.8% Upside)
