Floor & Decor Holdings, Inc. (NYSE:FND) Receives Average Rating of "Hold" from Analysts

Key Points

• Floor & Decor Holdings, Inc. (NYSE:FND) has an average rating of "Hold" from sixteen analysts, with 2 sell, 9 hold, and 5 buy recommendations.
• The company's 12-month price target from analysts is approximately $88.56, with recent adjustments reflecting a downward trend in projections.
• Floor & Decor reported earnings of $0.58 per share, exceeding analysts' expectations, and has set a future earnings guidance of $1.75-$2.00 EPS for FY 2025.

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) have received an average rating of "Hold" from the sixteen brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $88.5625.

A number of analysts recently issued reports on FND shares. Wall Street Zen cut Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Piper Sandler reduced their price target on shares of Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, August 1st. Morgan Stanley lowered their price objective on shares of Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Evercore ISI dropped their price objective on shares of Floor & Decor from $85.00 to $80.00 and set an "in-line" rating on the stock in a report on Tuesday, June 24th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $92.00 target price on shares of Floor & Decor in a research note on Tuesday, August 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its position in Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after buying an additional 152 shares during the last quarter. State of Wyoming bought a new position in shares of Floor & Decor during the 2nd quarter worth approximately $46,000. Zions Bancorporation National Association UT bought a new position in shares of Floor & Decor during the 1st quarter worth approximately $47,000. eCIO Inc. acquired a new stake in shares of Floor & Decor in the first quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after purchasing an additional 255 shares in the last quarter.

Floor & Decor Trading Up 5.7%

Floor & Decor stock traded up $4.72 during mid-day trading on Tuesday, hitting $87.47. 3,593,538 shares of the company's stock were exchanged, compared to its average volume of 2,177,441. The company's 50 day simple moving average is $81.31 and its 200-day simple moving average is $79.49. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $9.42 billion, a P/E ratio of 44.85, a PEG ratio of 3.75 and a beta of 1.68. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.01. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company's revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.

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.