Floor & Decor Holdings, Inc. (FND) Price Target Increased to $47.00 by Analysts at Credit Suisse Group
Floor & Decor Holdings, Inc. (NYSE:FND) had its target price lifted by equities research analysts at Credit Suisse Group from $43.00 to $47.00 in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 12.85% from the stock’s current price.
Several other research analysts have also recently issued reports on FND. Bank of America Corporation reissued a “buy” rating and set a $42.00 target price on shares of Floor & Decor Holdings in a report on Tuesday, September 5th. Zacks Investment Research lowered shares of Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. BMO Capital Markets initiated coverage on shares of Floor & Decor Holdings in a research report on Thursday, September 14th. They set a “market perform” rating and a $41.00 price target on the stock. Wells Fargo & Company restated a “hold” rating and set a $42.00 price target on shares of Floor & Decor Holdings in a research report on Thursday. Finally, Telsey Advisory Group upgraded shares of Floor & Decor Holdings from a “market perform” rating to an “outperform” rating and raised their price target for the company from $39.00 to $47.00 in a research report on Friday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $42.60.
Shares of Floor & Decor Holdings (NYSE FND) traded up $2.86 during trading on Friday, reaching $41.65. 1,954,783 shares of the company traded hands, compared to its average volume of 272,839.
Floor & Decor Holdings (NYSE:FND) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $343.90 million for the quarter, compared to the consensus estimate of $338.62 million. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share. equities analysts predict that Floor & Decor Holdings will post 0.6 earnings per share for the current year.
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In other news, Director George Vincent West sold 50,000 shares of Floor & Decor Holdings stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $37.90, for a total value of $1,895,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several large investors have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in shares of Floor & Decor Holdings in the third quarter worth about $208,000. Davidson Kempner Capital Management LP purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $3,926,000. FS Capital Partners VI LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $993,798,000. Lord Abbett & CO. LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $13,807,000. Finally, Toronto Dominion Bank purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $157,000. 92.78% of the stock is currently owned by hedge funds and other institutional investors.
Floor & Decor Holdings Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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