Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) PT at $103.84

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average recommendation of “Hold” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned 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 $103.84.

A number of analysts recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a research note on Friday, August 2nd. Piper Sandler cut their price objective on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Robert W. Baird cut their target price on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating for the company in a research report on Monday, July 29th. TD Cowen reduced their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Finally, Stifel Nicolaus boosted their target price on Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a research report on Friday, August 30th.

Floor & Decor Price Performance

FND stock opened at $119.62 on Tuesday. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The firm has a market cap of $12.80 billion, a P/E ratio of 57.79, a PEG ratio of 2.19 and a beta of 1.79. The stock’s 50 day moving average price is $103.88 and its 200 day moving average price is $111.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company posted $0.66 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, sell-side analysts expect that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Riverview Trust Co bought a new stake in shares of Floor & Decor during the 1st quarter worth $26,000. Chris Bulman Inc acquired a new position in shares of Floor & Decor in the 2nd quarter valued at $30,000. Rise Advisors LLC acquired a new position in Floor & Decor in the first quarter worth about $39,000. J.Safra Asset Management Corp lifted its position in shares of Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after acquiring an additional 189 shares during the period.

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.