Floor & Decor Holdings, Inc. (NYSE:FND) Receives $104.67 Average PT from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has earned a consensus rating of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $104.67.

A number of analysts have commented on the stock. Mizuho upped their target price 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. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a report on Monday, November 11th. Piper Sandler cut their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a report on Monday, October 28th. Stifel Nicolaus raised their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Finally, Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th.

Institutional Investors Weigh In On Floor & Decor

Institutional investors have recently modified their holdings of the stock. FMR LLC raised its holdings in Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after buying an additional 1,291,214 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock valued at $60,067,000 after acquiring an additional 333,338 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Floor & Decor by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after acquiring an additional 223,332 shares during the last quarter. State Street Corp boosted its stake in shares of Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock worth $468,097,000 after purchasing an additional 222,980 shares during the period. Finally, DF Dent & Co. Inc. grew its holdings in Floor & Decor by 30.2% during the 3rd quarter. DF Dent & Co. Inc. now owns 591,753 shares of the company’s stock valued at $73,478,000 after purchasing an additional 137,388 shares during the last quarter.

Floor & Decor Price Performance

NYSE FND opened at $104.26 on Monday. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 11.15 and a beta of 1.84. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The business’s fifty day moving average price is $104.05 and its 200-day moving average price is $105.45.

Floor & Decor (NYSE:FND) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue for the quarter was up .9% on a year-over-year basis. On average, equities analysts predict that Floor & Decor will post 1.71 earnings per share for the current year.

About Floor & Decor

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.