Floor & Decor Holdings, Inc. (NYSE:FND) Receives $93.56 Average Price Target from Brokerages

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

A number of research analysts have recently issued reports on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $115.00 price objective on shares of Floor & Decor in a report on Monday, April 28th. Robert W. Baird reduced their price objective on shares of Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Piper Sandler reduced their price objective on shares of Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Wedbush cut shares of Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $110.00 to $100.00 in a report on Friday, February 14th. Finally, Guggenheim cut their price target on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Friday, May 2nd.

Institutional Trading of Floor & Decor

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 acquiring an additional 188 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Floor & Decor in the 4th quarter worth $35,000. Blue Trust Inc. grew its holdings 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 during the last quarter. Bank of Jackson Hole Trust bought a new position in shares of Floor & Decor during the 4th quarter valued at $49,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after purchasing an additional 152 shares during the last quarter.

Floor & Decor Trading Down 1.2%

NYSE FND traded down $0.91 during mid-day trading on Friday, reaching $72.19. 659,960 shares of the stock were exchanged, compared to its average volume of 1,807,342. Floor & Decor has a one year low of $66.01 and a one 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. The stock has a market cap of $7.77 billion, a P/E ratio of 37.95, a P/E/G ratio of 19.06 and a beta of 1.79. The stock has a 50 day simple moving average of $75.39 and a 200-day simple moving average of $91.62.

Floor & Decor (NYSE:FND - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Floor & Decor will post 2 EPS for the current year.

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.