Floor & Decor Holdings, Inc. (NYSE:FND) Given Average Rating of “Moderate Buy” by Brokerages

Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) has earned an average rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $104.77.

FND has been the subject of several research analyst reports. Citigroup upped their price target on shares of Floor & Decor to $112.00 in a research report on Monday, August 15th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “buy” rating to a “neutral” rating and cut their price objective for the company from $109.00 to $64.00 in a report on Monday, June 27th. William Blair restated an “outperform” rating on shares of Floor & Decor in a report on Thursday, August 11th. MKM Partners began coverage on shares of Floor & Decor in a report on Thursday, June 23rd. They set a “neutral” rating and a $65.00 price target for the company. Finally, Wells Fargo & Company cut their price target on shares of Floor & Decor from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, June 8th.

Floor & Decor Price Performance

NYSE:FND opened at $69.64 on Friday. The firm’s fifty day moving average is $82.97 and its two-hundred day moving average is $80.04. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.14 and a current ratio of 1.26. Floor & Decor has a one year low of $59.91 and a one year high of $145.89. The firm has a market cap of $7.38 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 1.15 and a beta of 1.82.

Floor & Decor (NYSE:FNDGet Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. Floor & Decor had a net margin of 7.09% and a return on equity of 19.25%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the prior year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 26.7% on a year-over-year basis. Research analysts expect that Floor & Decor will post 2.71 EPS for the current year.

Insider Buying and Selling

In related news, EVP Steven Alan Denny sold 6,028 shares of Floor & Decor stock in a transaction on Monday, August 8th. The shares were sold at an average price of $95.10, for a total transaction of $573,262.80. Following the sale, the executive vice president now directly owns 4,477 shares in the company, valued at approximately $425,762.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Alera Investment Advisors LLC boosted its holdings in shares of Floor & Decor by 2.2% in the second quarter. Alera Investment Advisors LLC now owns 5,433 shares of the company’s stock valued at $343,000 after acquiring an additional 117 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Floor & Decor by 1.3% in the first quarter. Lazard Asset Management LLC now owns 10,982 shares of the company’s stock valued at $889,000 after acquiring an additional 141 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of Floor & Decor by 0.5% in the second quarter. Arizona State Retirement System now owns 28,685 shares of the company’s stock valued at $1,806,000 after acquiring an additional 142 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings in shares of Floor & Decor by 2.2% in the second quarter. ACR Alpine Capital Research LLC now owns 6,657 shares of the company’s stock valued at $419,000 after acquiring an additional 144 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Floor & Decor by 14.9% in the first quarter. Signaturefd LLC now owns 1,157 shares of the company’s stock valued at $94,000 after acquiring an additional 150 shares in the last quarter.

About Floor & Decor

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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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Analyst Recommendations for Floor & Decor (NYSE:FND)

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