Floor & Decor Holdings, Inc. (NYSE:FND) Receives $106.68 Consensus Target Price from Brokerages

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $104.83.

Several research firms recently commented on FND. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. The Goldman Sachs Group lowered Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a report on Thursday, January 30th. Piper Sandler cut their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th.

Floor & Decor Trading Down 0.2 %

Shares of FND stock opened at $85.67 on Tuesday. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 45.09, a PEG ratio of 19.06 and a beta of 1.95. The stock has a 50-day moving average of $96.70 and a 200-day moving average of $104.45. 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 1-year low of $83.64 and a 1-year high of $135.67.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.08 billion. On average, equities research analysts forecast that Floor & Decor will post 2 earnings per share for the current year.

Institutional Trading of Floor & Decor

A number of hedge funds have recently bought and sold shares of FND. Capital Research Global Investors lifted its holdings in Floor & Decor by 76.8% during the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Floor & Decor by 12,208.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after acquiring an additional 1,316,484 shares during the period. FMR LLC lifted its holdings in Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after acquiring an additional 1,291,214 shares during the period. Fisher Funds Management LTD bought a new stake in Floor & Decor during the fourth quarter worth $128,797,000. Finally, Marshall Wace LLP bought a new stake in Floor & Decor during the fourth quarter worth $109,574,000.

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.