Floor & Decor Holdings, Inc. (NYSE:FND) Given Consensus Recommendation of “Hold” by Brokerages

Floor & Decor Holdings, Inc. (NYSE:FND) has been given an average rating of “Hold” by the twenty-two brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $109.24.

Several research analysts have recently issued reports on FND shares. UBS Group reduced their target price on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Stifel Nicolaus lowered their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 26th. Guggenheim increased their price target on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group lifted their price objective on Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Finally, Mizuho cut their target price on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd.

Floor & Decor Price Performance

FND opened at $118.20 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The company’s 50 day simple moving average is $115.14 and its 200-day simple moving average is $113.21. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The stock has a market capitalization of $12.65 billion, a P/E ratio of 57.10, a price-to-earnings-growth ratio of 12.50 and a beta of 1.78.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.66 EPS. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. Sell-side analysts anticipate that Floor & Decor will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Peter Starrett sold 1,569 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $122.61, for a total transaction of $192,375.09. Following the transaction, the director now directly owns 118,620 shares in the company, valued at approximately $14,543,998.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,778 shares of company stock worth $5,182,791. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently added to or reduced their stakes in FND. Polen Capital Management LLC raised its position in shares of Floor & Decor by 59,133.5% in the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares during the period. Capital Research Global Investors raised its holdings in Floor & Decor by 20.4% in the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after acquiring an additional 1,334,650 shares during the period. Capital World Investors lifted its position in Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock worth $1,328,518,000 after acquiring an additional 627,256 shares during the last quarter. FMR LLC grew its position in shares of Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock valued at $416,816,000 after purchasing an additional 531,891 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of Floor & Decor by 435.1% during the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after purchasing an additional 531,574 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.