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

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.

Floor & Decor Holdings, Inc. (NYSE:FND - Get Free Report) has been assigned an average rating of "Hold" from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two 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 twelve-month target price among brokerages that have covered the stock in the last year is $88.5625.

FND has been the topic of several research analyst reports. Morgan Stanley cut their price objective on Floor & Decor from $105.00 to $97.00 and set an "equal weight" rating on the stock in a research report on Friday, August 1st. Evercore ISI cut their target price on shares of 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. Stifel Nicolaus reduced their price target on Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Guggenheim decreased their target price on shares of Floor & Decor from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Friday, August 1st. Finally, Robert W. Baird decreased their target price on Floor & Decor from $125.00 to $100.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th.

Institutional Trading of Floor & Decor

Large investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. increased its stake in shares of Floor & Decor by 42.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company's stock worth $41,000 after acquiring an additional 152 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Floor & Decor in the first quarter worth about $47,000. eCIO Inc. bought a new position in shares of Floor & Decor during the first quarter valued at approximately $62,000. First Horizon Advisors Inc. lifted its holdings in shares of Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock valued at $69,000 after purchasing an additional 255 shares during the last quarter. Finally, WD Rutherford LLC purchased a new position in shares of Floor & Decor during the second quarter valued at approximately $73,000.

Floor & Decor Stock Down 0.2%

Floor & Decor stock opened at $79.57 on Friday. Floor & Decor has a fifty-two week low of $66.01 and a fifty-two week high of $124.68. 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 firm's 50-day simple moving average is $77.80 and its 200 day simple moving average is $82.22. The stock has a market cap of $8.56 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 3.41 and a beta of 1.68.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The firm 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%. The company's revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. Research analysts predict that Floor & Decor will post 2 EPS 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.

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.