Floor & Decor Holdings Inc (NYSE:FND) was down 2.5% during trading on Wednesday . The stock traded as low as $31.12 and last traded at $31.83. Approximately 46,401 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 1,642,349 shares. The stock had previously closed at $32.66.

Several equities research analysts recently commented on FND shares. JPMorgan Chase & Co. cut Floor & Decor from an “overweight” rating to a “neutral” rating and set a $46.00 price target for the company. in a report on Friday, August 3rd. William Blair started coverage on Floor & Decor in a report on Wednesday, June 6th. They issued an “outperform” rating for the company. Piper Jaffray Companies raised Floor & Decor from a “neutral” rating to an “overweight” rating and set a $40.00 price target for the company in a report on Wednesday, June 6th. Zacks Investment Research raised Floor & Decor from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Wednesday, July 4th. Finally, Jefferies Financial Group raised Floor & Decor from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a report on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. Floor & Decor presently has an average rating of “Hold” and an average price target of $48.44.

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.50 and a quick ratio of 0.21. The company has a market capitalization of $3.33 billion, a PE ratio of 47.16, a price-to-earnings-growth ratio of 1.42 and a beta of -1.77.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 2nd. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $434.28 million during the quarter, compared to analysts’ expectations of $436.17 million. Floor & Decor had a return on equity of 19.93% and a net margin of 9.10%. The firm’s quarterly revenue was up 26.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. research analysts anticipate that Floor & Decor Holdings Inc will post 0.96 earnings per share for the current fiscal year.

In other Floor & Decor news, major shareholder Corporate Opportunities F. Ares sold 7,744,108 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $37.00, for a total transaction of $286,531,996.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank grew its stake in shares of Floor & Decor by 2.0% in the first quarter. Swiss National Bank now owns 57,400 shares of the company’s stock valued at $2,992,000 after buying an additional 1,100 shares in the last quarter. State of Wisconsin Investment Board grew its stake in shares of Floor & Decor by 30.7% in the first quarter. State of Wisconsin Investment Board now owns 5,899 shares of the company’s stock valued at $307,000 after buying an additional 1,384 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Floor & Decor by 13.1% in the second quarter. Voya Investment Management LLC now owns 12,032 shares of the company’s stock valued at $594,000 after buying an additional 1,390 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Floor & Decor by 20.2% in the second quarter. Teacher Retirement System of Texas now owns 8,823 shares of the company’s stock valued at $435,000 after buying an additional 1,483 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Floor & Decor by 36.8% in the second quarter. Janney Montgomery Scott LLC now owns 6,500 shares of the company’s stock valued at $321,000 after buying an additional 1,750 shares in the last quarter.

About Floor & Decor (NYSE:FND)

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

Read More: How Do Tariffs Affect Trade Balances?

Receive News & Ratings for Floor & Decor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor and related companies with MarketBeat.com's FREE daily email newsletter.