Zacks Investment Research cut shares of Floor & Decor Holdings, Inc. (NYSE:FND) from a buy rating to a hold rating in a research note published on Tuesday.

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. “

Other equities analysts have also issued reports about the stock. UBS AG began coverage on shares of Floor & Decor Holdings in a research note on Monday, May 22nd. They issued a neutral rating and a $39.00 target price for the company. Piper Jaffray Companies began coverage on shares of Floor & Decor Holdings in a research note on Monday, May 22nd. They issued a neutral rating and a $40.00 target price for the company. Credit Suisse Group set a $43.00 target price on shares of Floor & Decor Holdings and gave the stock a buy rating in a research note on Sunday, May 28th. Bank of America Corporation reaffirmed a neutral rating and issued a $42.00 target price (up from $40.00) on shares of Floor & Decor Holdings in a research note on Sunday, May 28th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a $28.00 target price (up from $25.00) on shares of Floor & Decor Holdings in a research note on Sunday, May 28th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $41.33.

Shares of Floor & Decor Holdings (NYSE:FND) traded down 6.72% during mid-day trading on Tuesday, hitting $35.54. The company had a trading volume of 2,137,365 shares. The company has a market capitalization of $2.97 billion and a P/E ratio of 66.31. The firm’s 50-day moving average price is $38.16 and its 200 day moving average price is $37.81. Floor & Decor Holdings has a one year low of $5.69 and a one year high of $46.95.

Floor & Decor Holdings (NYSE:FND) last announced its earnings results on Thursday, July 27th. The company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The company had revenue of $344 million during the quarter, compared to analyst estimates of $343.73 million. The firm’s revenue was up 29.4% on a year-over-year basis. Analysts predict that Floor & Decor Holdings will post $0.59 earnings per share for the current fiscal year.

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In other Floor & Decor Holdings news, SVP David Victor Christopherson purchased 2,500 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were purchased at an average cost of $21.00 per share, with a total value of $52,500.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Brian K. Robbins purchased 3,560 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were acquired at an average cost of $21.00 per share, for a total transaction of $74,760.00. Following the completion of the transaction, the executive vice president now directly owns 3,560 shares in the company, valued at $74,760. The disclosure for this purchase can be found here. Insiders have sold a total of 7,118,047 shares of company stock worth $274,044,810 over the last three months.

A number of large investors have recently modified their holdings of the company. Spark Investment Management LLC acquired a new stake in shares of Floor & Decor Holdings during the second quarter valued at approximately $2,100,000. Russell Investments Group Ltd. acquired a new stake in shares of Floor & Decor Holdings during the second quarter valued at approximately $662,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Floor & Decor Holdings during the second quarter valued at approximately $788,000. 0.03% 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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Analyst Recommendations for Floor & Decor Holdings (NYSE:FND)

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