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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received an average rating of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $105.39.

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Piper Sandler dropped their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Tuesday. Stifel Nicolaus raised their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a report on Thursday, January 30th. Finally, Mizuho raised their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st.

Floor & Decor Stock Down 2.7 %

FND stock opened at $92.75 on Friday. The stock has a market capitalization of $9.95 billion, a P/E ratio of 51.53, a price-to-earnings-growth ratio of 20.20 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor has a 12 month low of $89.06 and a 12 month high of $135.67. The firm has a 50-day moving average price of $99.94 and a 200-day moving average price of $105.95.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. As a group, equities research analysts anticipate that Floor & Decor will post 1.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in shares of Floor & Decor during the 2nd quarter worth approximately $231,000. Sanctuary Advisors LLC acquired a new stake in shares of Floor & Decor during the 2nd quarter worth approximately $253,000. CWM LLC grew its position in shares of Floor & Decor by 15.8% during the 3rd quarter. CWM LLC now owns 1,289 shares of the company’s stock worth $160,000 after buying an additional 176 shares during the period. NBC Securities Inc. grew its position in shares of Floor & Decor by 64.1% during the 3rd quarter. NBC Securities Inc. now owns 2,899 shares of the company’s stock worth $359,000 after buying an additional 1,132 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.