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

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has earned an average recommendation of "Hold" from the eighteen analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $93.56.

A number of brokerages have weighed in on FND. The Goldman Sachs Group reduced their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. boosted their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Stifel Nicolaus reduced their price target on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Barclays reduced their price target on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, Guggenheim reduced their price target on Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.

Floor & Decor Stock Up 1.9%

FND traded up $1.35 during trading on Friday, reaching $72.89. 1,554,177 shares of the stock traded hands, compared to its average volume of 1,815,326. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 19.06 and a beta of 1.79. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week 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. The stock's 50-day simple moving average is $74.88 and its two-hundred day simple moving average is $91.26.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. As a group, equities research analysts expect that Floor & Decor will post 2 EPS for the current year.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors have recently added to or reduced their stakes in the stock. Focus Partners Wealth boosted its holdings in Floor & Decor by 3.0% during the first quarter. Focus Partners Wealth now owns 24,458 shares of the company's stock valued at $1,968,000 after purchasing an additional 710 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Floor & Decor by 9.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company's stock valued at $27,346,000 after purchasing an additional 30,195 shares in the last quarter. Vancity Investment Management Ltd acquired a new stake in Floor & Decor during the first quarter valued at approximately $400,000. United Services Automobile Association acquired a new stake in Floor & Decor during the first quarter valued at approximately $562,000. Finally, Caxton Associates LLP acquired a new stake in Floor & Decor during the first quarter valued at approximately $376,000.

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.