Floor & Decor Holdings, Inc. (NYSE:FND) Receives Consensus Rating of “Hold” from Brokerages

Posted by Defense World Staff on Mar 17th, 2023

Shares of Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) have earned a consensus recommendation of “Hold” from the twenty analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $94.61.

FND has been the subject of a number of research reports. Morgan Stanley raised their price target on shares of Floor & Decor from $80.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, February 24th. Barclays initiated coverage on shares of Floor & Decor in a report on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 price target for the company. Roth Capital raised their price target on shares of Floor & Decor from $72.00 to $90.00 and gave the stock a “neutral” rating in a report on Monday, February 27th. Robert W. Baird raised their price target on shares of Floor & Decor from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Finally, Loop Capital raised their price target on shares of Floor & Decor from $65.00 to $82.00 and gave the stock a “hold” rating in a report on Monday, February 27th.

Floor & Decor Trading Up 2.1 %

FND opened at $90.58 on Friday. Floor & Decor has a twelve month low of $59.91 and a twelve month high of $104.83. The company has a quick ratio of 0.16, a current ratio of 1.45 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $89.68 and a 200-day moving average of $79.58. The stock has a market cap of $9.62 billion, a PE ratio of 32.70, a price-to-earnings-growth ratio of 1.50 and a beta of 1.82.

Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Floor & Decor had a net margin of 6.99% and a return on equity of 19.35%. The business’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period last year, the company posted $0.44 earnings per share. On average, sell-side analysts predict that Floor & Decor will post 2.74 EPS for the current year.

Insider Activity at Floor & Decor

In related news, EVP David Victor Christopherson sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $92.00, for a total transaction of $368,000.00. Following the transaction, the executive vice president now directly owns 56,527 shares of the company’s stock, valued at $5,200,484. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, Director Richard L. Sullivan sold 1,734 shares of Floor & Decor stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $91.94, for a total value of $159,423.96. Following the sale, the director now owns 9,189 shares of the company’s stock, valued at $844,836.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP David Victor Christopherson sold 4,000 shares of Floor & Decor stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $92.00, for a total transaction of $368,000.00. Following the completion of the sale, the executive vice president now directly owns 56,527 shares in the company, valued at approximately $5,200,484. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Institutional Trading of Floor & Decor

Several hedge funds have recently added to or reduced their stakes in FND. Price T Rowe Associates Inc. MD increased its stake in shares of Floor & Decor by 19.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,226,884 shares of the company’s stock worth $851,358,000 after purchasing an additional 1,948,425 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Floor & Decor by 0.6% in the third quarter. Vanguard Group Inc. now owns 9,098,053 shares of the company’s stock worth $639,229,000 after purchasing an additional 56,747 shares in the last quarter. BlackRock Inc. increased its stake in shares of Floor & Decor by 0.8% in the first quarter. BlackRock Inc. now owns 6,580,259 shares of the company’s stock worth $533,001,000 after purchasing an additional 55,279 shares in the last quarter. WCM Investment Management LLC increased its stake in shares of Floor & Decor by 6.5% in the fourth quarter. WCM Investment Management LLC now owns 4,598,614 shares of the company’s stock worth $320,201,000 after purchasing an additional 281,141 shares in the last quarter. Finally, Abdiel Capital Advisors LP increased its stake in shares of Floor & Decor by 1.5% in the second quarter. Abdiel Capital Advisors LP now owns 4,348,584 shares of the company’s stock worth $273,787,000 after purchasing an additional 64,814 shares in the last quarter.

Floor & Decor Company Profile

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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.

Analyst Recommendations for Floor & Decor (NYSE:FND)

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