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

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $110.19.

Several brokerages have weighed in on FND. Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $100.00 to $115.00 in a report on Tuesday, January 16th. Mizuho began coverage on shares of Floor & Decor in a report on Tuesday, March 19th. They issued a “neutral” rating and a $115.00 price target for the company. Piper Sandler lifted their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. UBS Group lowered shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Tuesday, March 5th. Finally, Wells Fargo & Company lowered shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $105.00 in a report on Thursday, January 4th.

Floor & Decor Stock Performance

Shares of FND stock opened at $108.10 on Friday. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. The company has a 50 day moving average price of $119.00 and a 200 day moving average price of $104.43. The firm has a market capitalization of $11.54 billion, a price-to-earnings ratio of 47.62, a price-to-earnings-growth ratio of 5.22 and a beta of 1.85.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.64 earnings per share. Floor & Decor’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts anticipate that Floor & Decor will post 1.92 EPS for the current year.

Insider Activity at Floor & Decor

In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total value of $636,375.04. Following the sale, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $123.52, for a total value of $636,375.04. Following the sale, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the sale, the chief accounting officer now directly owns 25,271 shares in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock worth $11,016,089 in the last ninety days. 2.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in shares of Floor & Decor in the 1st quarter valued at approximately $26,000. DekaBank Deutsche Girozentrale acquired a new stake in Floor & Decor during the 3rd quarter worth approximately $30,000. Mendota Financial Group LLC acquired a new stake in Floor & Decor during the 4th quarter worth approximately $33,000. Quarry LP acquired a new stake in Floor & Decor during the 4th quarter worth approximately $33,000. Finally, Rise Advisors LLC acquired a new stake in Floor & Decor during the 1st quarter worth approximately $39,000.

About Floor & Decor

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.