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

Key Points

• Floor & Decor Holdings, Inc. has received a consensus rating of "Hold" from eighteen brokerages, with two analysts issuing sell recommendations, eleven recommending hold, and five stating buy recommendations.
• The average 12-month price target for the stock, based on analysts' reports, is $87.24.
• Despite a recent increase in earnings per share to $0.58, the stock has seen fluctuations in price targets, with analysts adjusting them downwards amid varying market conditions.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has been given a consensus recommendation of "Hold" by the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $87.2353.

FND has been the topic of a number of recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and set a $92.00 price target on shares of Floor & Decor in a report on Tuesday, August 12th. Evercore ISI decreased their price target on Floor & Decor from $80.00 to $75.00 and set an "in-line" rating on the stock in a report on Tuesday, October 14th. Citigroup decreased their price target on Floor & Decor from $81.00 to $75.00 and set a "neutral" rating on the stock in a report on Thursday, October 9th. Morgan Stanley decreased their price target 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Floor & Decor in a report on Wednesday, October 8th.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of Floor & Decor by 5.3% in the first quarter. Envestnet Asset Management Inc. now owns 276,559 shares of the company's stock worth $22,255,000 after purchasing an additional 13,983 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Floor & Decor by 28.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,170 shares of the company's stock worth $255,000 after purchasing an additional 701 shares during the last quarter. Worldly Partners Management LLC increased its holdings in shares of Floor & Decor by 5.5% in the first quarter. Worldly Partners Management LLC now owns 1,094,880 shares of the company's stock worth $88,105,000 after purchasing an additional 57,500 shares during the last quarter. Davidson Kahn Capital Management LLC increased its holdings in shares of Floor & Decor by 24.0% in the first quarter. Davidson Kahn Capital Management LLC now owns 30,395 shares of the company's stock worth $2,446,000 after purchasing an additional 5,887 shares during the last quarter. Finally, Bridges Investment Management Inc. increased its holdings in shares of Floor & Decor by 32.5% in the first quarter. Bridges Investment Management Inc. now owns 320,614 shares of the company's stock worth $25,800,000 after purchasing an additional 78,626 shares during the last quarter.

Floor & Decor Price Performance

NYSE FND opened at $72.50 on Wednesday. The company has a market capitalization of $7.81 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 3.09 and a beta of 1.70. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.28 and a current ratio of 1.25. The business's fifty day moving average is $79.61 and its 200 day moving average is $77.38. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $122.90.

Floor & Decor (NYSE:FND - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $1.21 billion for 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%.Floor & Decor's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Sell-side analysts predict 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.

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