Floor & Decor Holdings, Inc. (NYSE:FND) was up 1.5% on Monday after Zacks Investment Research upgraded the stock from a hold rating to a buy rating. Zacks Investment Research now has a $46.00 price target on the stock. Floor & Decor Holdings traded as high as $42.43 and last traded at $40.69. Approximately 373,101 shares changed hands during trading, a decline of 3% from the average daily volume of 385,364 shares. The stock had previously closed at $41.29.

According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “

A number of other brokerages have also recently commented on FND. Bank of America Corporation restated a “buy” rating and issued a $42.00 price target on shares of Floor & Decor Holdings in a research report on Tuesday, September 5th. BMO Capital Markets raised their price target on Floor & Decor Holdings from $41.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday. Jefferies Group LLC raised their price target on Floor & Decor Holdings from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday. Credit Suisse Group raised their price target on Floor & Decor Holdings from $43.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Wells Fargo & Company restated a “hold” rating and issued a $42.00 price target on shares of Floor & Decor Holdings in a research report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Floor & Decor Holdings presently has an average rating of “Buy” and a consensus target price of $42.93.

In other Floor & Decor Holdings news, EVP Brian K. Robbins sold 9,600 shares of Floor & Decor Holdings stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.20, for a total value of $395,520.00. Following the transaction, the executive vice president now owns 13,160 shares in the company, valued at $542,192. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director George Vincent West sold 90,000 shares of Floor & Decor Holdings stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $41.39, for a total value of $3,725,100.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 181,781 shares of company stock worth $7,341,477.

A number of institutional investors have recently added to or reduced their stakes in the business. Ares Management LLC bought a new position in Floor & Decor Holdings in the second quarter valued at about $2,049,069,000. FS Capital Partners VI LLC bought a new position in Floor & Decor Holdings in the second quarter valued at about $993,798,000. Gilder Gagnon Howe & Co. LLC grew its position in Floor & Decor Holdings by 30.8% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,644,866 shares of the company’s stock valued at $102,965,000 after acquiring an additional 622,703 shares during the last quarter. Vanguard Group Inc. bought a new position in Floor & Decor Holdings in the second quarter valued at about $32,590,000. Finally, Alliancebernstein L.P. bought a new position in Floor & Decor Holdings in the second quarter valued at about $31,751,000. Hedge funds and other institutional investors own 89.26% of the company’s stock.

The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47.

Floor & Decor Holdings (NYSE:FND) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $338.62 million. Floor & Decor Holdings had a return on equity of 26.39% and a net margin of 5.62%. The business’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. equities analysts expect that Floor & Decor Holdings, Inc. will post 0.66 EPS for the current fiscal year.

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About Floor & Decor Holdings

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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