Floor & Decor Holdings, Inc. (NYSE:FND) Receives Consensus Recommendation of “Hold” from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $105.39.

FND has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Wedbush lowered Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Stifel Nicolaus upped their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Telsey Advisory Group upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $95.00 to $115.00 in a research report on Friday, February 14th. Finally, Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $75.00 to $91.00 in a report on Wednesday, January 8th.

Floor & Decor Stock Up 1.1 %

FND opened at $98.64 on Friday. 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 1 year low of $89.06 and a 1 year high of $135.67. The company has a market cap of $10.58 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83. The firm has a 50 day moving average price of $100.68 and a 200 day moving average price of $106.12.

Institutional Trading of Floor & Decor

A number of hedge funds and other institutional investors have recently made changes to their positions in FND. Blue Trust Inc. boosted its holdings in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the period. Quarry LP acquired a new position in Floor & Decor in the 3rd quarter worth $34,000. Huntington National Bank increased its holdings in Floor & Decor by 120.5% during the 4th quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Floor & Decor in the 4th quarter valued at about $35,000. Finally, Bank of Jackson Hole Trust acquired a new position in shares of Floor & Decor during the fourth quarter worth about $49,000.

About Floor & Decor

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.