Floor & Decor Holdings, Inc. (FND) PT Raised to $47.00 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 analysts have also recently commented on the stock. Telsey Advisory Group upgraded shares of Floor & Decor Holdings from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $39.00 to $47.00 in a research note on Friday. Wells Fargo & Company restated a “hold” rating and set a $42.00 target price on shares of Floor & Decor Holdings in a research report on Thursday. Zacks Investment Research cut shares of Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday. J P Morgan Chase & Co started coverage on shares of Floor & Decor Holdings in a research report on Monday, October 16th. They set an “overweight” rating and a $46.00 target price on the stock. Finally, Piper Jaffray Companies restated a “hold” rating and set a $42.00 target price on shares of Floor & Decor Holdings in a research report on Thursday, October 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $42.60.
Shares of Floor & Decor Holdings (NYSE FND) traded up $2.86 during trading hours on Friday, hitting $41.65. The stock had a trading volume of 1,954,783 shares, compared to its average volume of 272,839.
Floor & Decor Holdings (NYSE:FND) last released its earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The business had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $338.62 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. Floor & Decor Holdings’s revenue for the quarter was up 26.8% on a year-over-year basis. equities analysts predict that Floor & Decor Holdings will post 0.6 EPS for the current fiscal year.
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In related news, Director George Vincent West sold 50,000 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.90, for a total transaction of $1,895,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ares Management LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $2,049,069,000. Goldman Sachs Group Inc. purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $3,285,000. Brighton Jones LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $397,000. FS Capital Partners VI LLC purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $993,798,000. Finally, Federated Investors Inc. PA purchased a new position in shares of Floor & Decor Holdings in the second quarter worth about $20,502,000. Institutional investors and hedge funds own 92.78% of the company’s stock.
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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