Floor & Decor Holdings, Inc. (NYSE:FND) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Floor & Decor Holdings, Inc. has received a consensus rating of "Hold" from 16 ratings firms, with two sell, nine hold, and five buy recommendations.
• The average target price for the stock is $88.56, with several analysts recently decreasing their price targets from previous highs.
• In the latest quarter, Floor & Decor reported $1.21 billion in revenue and earnings per share of $0.58, surpassing analysts' estimates.

Shares of Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) have been assigned a consensus recommendation of "Hold" from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $88.5625.

Several equities analysts have issued reports on FND shares. Piper Sandler cut their price objective on Floor & Decor from $80.00 to $78.00 and set a "neutral" rating for the company in a research report on Friday, August 1st. Robert W. Baird dropped their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley dropped their target price on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating for the company in a research report on Friday, August 1st. Wells Fargo & Company dropped their target price on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Finally, Evercore ISI dropped their target price on Floor & Decor from $85.00 to $80.00 and set an "in-line" rating for the company in a research report on Tuesday, June 24th.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FND. Capital Research Global Investors grew its stake in Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company's stock valued at $1,327,653,000 after acquiring an additional 5,784,573 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Floor & Decor by 32.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company's stock valued at $550,228,000 after acquiring an additional 1,686,085 shares during the period. Principal Financial Group Inc. grew its stake in Floor & Decor by 106.4% in the first quarter. Principal Financial Group Inc. now owns 3,023,172 shares of the company's stock valued at $243,275,000 after acquiring an additional 1,558,409 shares during the period. D. E. Shaw & Co. Inc. grew its stake in Floor & Decor by 12,208.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company's stock valued at $132,329,000 after acquiring an additional 1,316,484 shares during the period. Finally, Marshall Wace LLP acquired a new position in Floor & Decor in the fourth quarter valued at about $109,574,000.

Floor & Decor Price Performance

FND traded down $2.51 during trading on Friday, hitting $77.09. The company's stock had a trading volume of 295,327 shares, compared to its average volume of 2,052,247. The firm's 50 day moving average price is $77.96 and its two-hundred day moving average price is $81.79. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $124.68. The stock has a market capitalization of $8.30 billion, a price-to-earnings ratio of 39.67, a price-to-earnings-growth ratio of 3.41 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts forecast that Floor & Decor will post 2 earnings per share for the current fiscal year.

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.