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

Key Points

• Floor & Decor Holdings, Inc. has received a consensus rating of "Hold" from twenty analysts, with two sell recommendations and five buy recommendations.
• Despite a 7.2% increase in revenue on a year-over-year basis, the company's stock was recently trading down 0.6%, with a current price of $76.48.
• Analysts have set the average 1-year target price for Floor & Decor at $88.63, with various brokerages providing price targets ranging from $76.00 to $97.00.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has earned a consensus rating of "Hold" from the sixteen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $88.6250.

Several brokerages recently issued reports on FND. Wolfe Research began coverage on shares of Floor & Decor in a research report on Thursday, September 18th. They set an "underperform" rating and a $76.00 price target on the stock. Morgan Stanley reduced their target price on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a report on Friday, August 1st. Telsey Advisory Group reissued an "outperform" rating and issued a $92.00 target price on shares of Floor & Decor in a research report on Tuesday, August 12th. Wall Street Zen lowered Floor & Decor from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Piper Sandler decreased their price objective on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a report on Friday, August 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. 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 purchasing an additional 152 shares in the last quarter. State of Wyoming bought a new position in Floor & Decor during the 2nd quarter valued at approximately $46,000. Zions Bancorporation National Association UT purchased a new position in Floor & Decor during the first quarter valued at $47,000. eCIO Inc. bought a new stake in Floor & Decor in the first quarter worth $62,000. Finally, First Horizon Advisors Inc. grew its stake 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 acquiring an additional 255 shares during the last quarter.

Floor & Decor Trading Down 0.6%

NYSE FND opened at $76.48 on Friday. The stock has a market cap of $8.24 billion, a P/E ratio of 39.22, a price-to-earnings-growth ratio of 3.30 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. The stock has a 50 day simple moving average of $82.40 and a two-hundred day simple moving average of $78.67. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.