Floor & Decor Holdings, Inc. (NYSE:FND) Given Average Recommendation of "Hold" by Brokerages

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) have earned a consensus recommendation of "Hold" from the eighteen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $93.56.

Several research firms have commented on FND. Robert W. Baird dropped their target price on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Wells Fargo & Company dropped their target price on shares of Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Mizuho lowered their price target on shares of Floor & Decor from $100.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Finally, Loop Capital lowered their price target on shares of Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th.

Floor & Decor Stock Up 1.7%

Shares of NYSE FND traded up $1.24 during mid-day trading on Friday, reaching $72.78. 143,315 shares of the company's stock traded hands, compared to its average volume of 1,807,521. The stock has a market cap of $7.83 billion, a P/E ratio of 38.23, a PEG ratio of 19.06 and a beta of 1.79. The business has a 50-day simple moving average of $75.13 and a 200 day simple moving average of $91.48. Floor & Decor has a 1-year low of $66.01 and a 1-year high of $126.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter last year, the firm earned $0.46 EPS. The company's quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts expect that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FND. JPMorgan Chase & Co. grew its position in shares of Floor & Decor by 16.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company's stock valued at $200,865,000 after purchasing an additional 223,332 shares in the last quarter. Bennett Selby Investments LP grew its position in shares of Floor & Decor by 1.5% during the 4th quarter. Bennett Selby Investments LP now owns 114,358 shares of the company's stock valued at $11,401,000 after purchasing an additional 1,648 shares in the last quarter. Blue Trust Inc. grew its position in shares of Floor & Decor by 59.9% during the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock valued at $44,000 after purchasing an additional 166 shares in the last quarter. KBC Group NV grew its position in shares of Floor & Decor by 51.8% during the 4th quarter. KBC Group NV now owns 4,288 shares of the company's stock valued at $428,000 after purchasing an additional 1,463 shares in the last quarter. Finally, Vantage Investment Partners LLC grew its position in shares of Floor & Decor by 1.3% during the 4th quarter. Vantage Investment Partners LLC now owns 232,237 shares of the company's stock valued at $23,154,000 after purchasing an additional 3,027 shares in the last quarter.

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.