Floor & Decor Holdings, Inc. (NYSE:FND) Stock Has Consensus Price Target of $55.70 According to Analysts

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received an average recommendation of “Reduce” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $54.70.

FND has been the subject of several analyst reports. Evercore reaffirmed a “positive” rating on shares of Floor & Decor in a research note on Friday. Jefferies Financial Group reduced their price objective on shares of Floor & Decor from $59.00 to $47.00 and set a “hold” rating on the stock in a research note on Tuesday, October 20th. JPMorgan Chase & Co. decreased their price objective on Floor & Decor from $59.00 to $57.00 and set a “neutral” rating for the company in a report on Friday, October 30th. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $53.00 to $38.00 in a report on Monday. Finally, Truist Financial lowered their target price on Floor & Decor from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, October 30th.

Floor & Decor Price Performance

Shares of FND opened at $48.20 on Friday. The company has a quick ratio of 0.44, a current ratio of 1.32 and a debt-to-equity ratio of 0.08. The stock has a market cap of $5.13 billion, a PE ratio of 21.61, a PEG ratio of 4.12 and a beta of 1.56. Floor & Decor has a 12-month low of $42.64 and a 12-month high of $77.46. The business has a 50-day simple moving average of $47.57 and a two-hundred day simple moving average of $54.63.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Floor & Decor had a return on equity of 8.40% and a net margin of 5.05%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts anticipate that Floor & Decor will post 1.92 earnings per share for the current fiscal year.

Insider Activity at Floor & Decor

In other news, insider Thomas V. Taylor sold 218,189 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $62.30, for a total value of $13,593,174.70. Following the completion of the sale, the insider owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. This represents a 48.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently made changes to their positions in FND. Principal Financial Group Inc. raised its stake in Floor & Decor by 6.5% during the first quarter. Principal Financial Group Inc. now owns 6,837,639 shares of the company’s stock worth $347,354,000 after buying an additional 416,572 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in Floor & Decor by 41.7% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,757,643 shares of the company’s stock valued at $140,088,000 after buying an additional 811,910 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Floor & Decor by 33.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,606,871 shares of the company’s stock valued at $132,424,000 after buying an additional 659,355 shares during the period. Worldly Partners Management LLC boosted its position in Floor & Decor by 3.2% during the second quarter. Worldly Partners Management LLC now owns 1,371,180 shares of the company’s stock valued at $81,393,000 after acquiring an additional 42,000 shares during the last quarter. Finally, Madison Asset Management LLC bought a new stake in Floor & Decor during the second quarter valued at $78,941,000.

About Floor & Decor

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company offers a broad selection of tile, natural stone, wood, laminate and vinyl flooring, along with installation materials, tools, accessories and home-decor items.

Floor & Decor serves homeowners, professional installers, designers, remodelers and commercial customers through warehouse-format stores, smaller design studios and its e-commerce platform. Its stores are designed to provide a wide product assortment for renovation and construction projects, while also offering services such as design support and product fulfillment.

Founded in 2000 and headquartered in Atlanta, Georgia, Floor & Decor operates primarily in the United States.