Floor & Decor Holdings, Inc. (NYSE:FND) Receives $104.67 Average Target Price from Analysts

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received a consensus rating of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $104.67.

FND has been the subject of several research analyst reports. Mizuho boosted their price objective on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Wells Fargo & Company boosted their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Wedbush reiterated an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $95.00 target price on shares of Floor & Decor in a research note on Monday, November 11th.

Floor & Decor Stock Performance

Shares of NYSE:FND opened at $104.26 on Monday. The business has a fifty day moving average of $104.05 and a 200-day moving average of $105.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor has a twelve month low of $89.06 and a twelve month high of $135.67. The firm has a market cap of $11.18 billion, a PE ratio of 57.92, a price-to-earnings-growth ratio of 11.15 and a beta of 1.84.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $0.61 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities research analysts predict that Floor & Decor will post 1.71 EPS for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several large investors have recently modified their holdings of FND. Conway Capital Management Inc. bought a new stake in Floor & Decor during the 3rd quarter worth approximately $1,090,000. Massachusetts Financial Services Co. MA increased its position in shares of Floor & Decor by 221.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after acquiring an additional 333,338 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Floor & Decor by 7.1% during the third quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after acquiring an additional 180 shares during the period. Citigroup Inc. lifted its position in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after acquiring an additional 16,569 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after purchasing an additional 12,109 shares during the period.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.