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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) have been given an average rating of "Hold" by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $91.19.

A number of equities analysts recently commented on FND shares. Guggenheim decreased their price target on Floor & Decor from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wall Street Zen downgraded Floor & Decor from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. The Goldman Sachs Group decreased their price target on Floor & Decor from $81.00 to $70.00 and set a "sell" rating for the company in a research note on Friday, May 2nd. Piper Sandler decreased their price target on Floor & Decor from $90.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Mizuho decreased their price target on Floor & Decor from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd.

Institutional Investors Weigh In On Floor & Decor

A number of hedge funds have recently made changes to their positions in the business. Advisory Research Inc. raised its holdings in shares of Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company's stock valued at $1,722,000 after buying an additional 115 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company's stock valued at $341,000 after acquiring an additional 120 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company's stock valued at $652,000 after acquiring an additional 122 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Floor & Decor by 5.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company's stock valued at $200,000 after acquiring an additional 139 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock valued at $41,000 after acquiring an additional 152 shares during the period.

Floor & Decor Stock Down 2.3%

Shares of Floor & Decor stock opened at $83.29 on Monday. The business has a 50-day moving average of $76.47 and a 200-day moving average of $84.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.22 and a quick ratio of 0.27. The company has a market capitalization of $8.96 billion, a PE ratio of 44.07, a P/E/G ratio of 2.59 and a beta of 1.70. Floor & Decor has a 1-year low of $66.01 and a 1-year high of $124.68.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The company's revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.46 earnings per share. As a group, equities analysts forecast that Floor & Decor will post 2 EPS for the current fiscal 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.

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