Floor & Decor Holdings, Inc. (NYSE:FND) Receives $94.67 Average Price Target from Brokerages

Floor & Decor Holdings, Inc. (NYSE:FNDGet Free Report) has been given an average rating of “Hold” by the nineteen research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $94.67.

A number of brokerages recently commented on FND. Wedbush lowered their target price on shares of Floor & Decor from $90.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. The Goldman Sachs Group decreased their price objective on shares of Floor & Decor from $82.00 to $71.00 and set a “neutral” rating for the company in a research note on Friday, November 3rd. Telsey Advisory Group decreased their price objective on shares of Floor & Decor from $90.00 to $75.00 and set a “market perform” rating for the company in a research note on Friday, November 3rd. TheStreet downgraded shares of Floor & Decor from a “b-” rating to a “c+” rating in a research note on Tuesday, November 7th. Finally, Piper Sandler upped their price objective on shares of Floor & Decor from $74.00 to $98.00 and gave the company a “neutral” rating in a research note on Tuesday, January 16th.

Read Our Latest Research Report on FND

Floor & Decor Stock Performance

Shares of FND stock opened at $105.00 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.20 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $106.10 and a 200 day moving average price of $97.60. The company has a market cap of $11.19 billion, a P/E ratio of 40.86, a PEG ratio of 4.41 and a beta of 1.83. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $116.70.

Insider Buying and Selling

In related news, EVP David Victor Christopherson sold 19,634 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $114.50, for a total value of $2,248,093.00. Following the sale, the executive vice president now directly owns 36,552 shares in the company, valued at approximately $4,185,204. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.50% of the company’s stock.

Institutional Trading of Floor & Decor

Several large investors have recently added to or reduced their stakes in FND. DekaBank Deutsche Girozentrale bought a new stake in Floor & Decor in the third quarter worth approximately $30,000. Mendota Financial Group LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth $33,000. Y.D. More Investments Ltd bought a new stake in shares of Floor & Decor during the 3rd quarter worth $45,000. GAMMA Investing LLC bought a new stake in shares of Floor & Decor during the 4th quarter worth $53,000. Finally, Stephens Inc. AR boosted its holdings in shares of Floor & Decor by 72.5% during the 1st quarter. Stephens Inc. AR now owns 545 shares of the company’s stock worth $54,000 after buying an additional 229 shares during the period.

About Floor & Decor

(Get Free Report

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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.

Further Reading

Analyst Recommendations for Floor & Decor (NYSE:FND)

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