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

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average rating of “Hold” from the twenty-one research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $104.15.

FND has been the topic of several recent research reports. Evercore ISI lowered their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. UBS Group lowered their price target on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Citigroup lowered their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Mizuho lowered their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, TD Cowen lowered their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th.

Floor & Decor Stock Performance

Shares of FND stock opened at $97.89 on Monday. The business’s fifty day simple moving average is $104.49 and its 200-day simple moving average is $111.61. The company has a market cap of $10.48 billion, a PE ratio of 47.29, a PEG ratio of 10.13 and a beta of 1.74. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 earnings per share. Analysts expect that Floor & Decor will post 1.81 earnings per share for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the sale, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Steven Alan Denny sold 1,010 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,778 shares of company stock worth $5,182,791. Insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Several hedge funds have recently made changes to their positions in the company. Resonant Capital Advisors LLC grew its stake in shares of Floor & Decor by 8.0% in the 2nd quarter. Resonant Capital Advisors LLC now owns 5,164 shares of the company’s stock valued at $513,000 after buying an additional 382 shares during the period. Natixis Advisors LLC grew its stake in shares of Floor & Decor by 94.7% in the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after buying an additional 173,518 shares during the period. Catalytic Wealth RIA LLC boosted its position in shares of Floor & Decor by 9.0% during the 2nd quarter. Catalytic Wealth RIA LLC now owns 2,804 shares of the company’s stock worth $279,000 after purchasing an additional 231 shares during the period. Ingalls & Snyder LLC boosted its position in shares of Floor & Decor by 13.3% during the 2nd quarter. Ingalls & Snyder LLC now owns 12,572 shares of the company’s stock worth $1,250,000 after purchasing an additional 1,472 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Floor & Decor by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,354 shares of the company’s stock worth $333,000 after purchasing an additional 138 shares during the period.

Floor & Decor Company Profile

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.