Floor & Decor Holdings (FND) – Analysts’ Recent Ratings Updates

Floor & Decor Holdings (NYSE: FND) recently received a number of ratings updates from brokerages and research firms:

  • 11/6/2017 – Floor & Decor Holdings had its price target raised by analysts at BMO Capital Markets from $41.00 to $45.00. They now have a “market perform” rating on the stock.
  • 11/6/2017 – Floor & Decor Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $46.00 price target on the stock. According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
  • 11/3/2017 – Floor & Decor Holdings was upgraded by analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating. They now have a $47.00 price target on the stock, up previously from $39.00.
  • 11/3/2017 – Floor & Decor Holdings had its price target raised by analysts at Credit Suisse Group from $43.00 to $47.00. They now have an “outperform” rating on the stock.
  • 11/3/2017 – Floor & Decor Holdings had its price target raised by analysts at Jefferies Group LLC from $38.00 to $42.00. They now have a “hold” rating on the stock.
  • 11/2/2017 – Floor & Decor Holdings had its “hold” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $42.00 price target on the stock. They wrote, “We are raising our FY17/18E EPS to $0.66/$0.81 and notching up adjusted EBITDA to $152.5M/$200.5 (vs. $143M/$182M prior). We anticipate gross margin expansion of 25bps in Q4 as FND product margins offset higher distribution network costs (expansions/relocations). Further, we expect continued sales momentum to offset deleverage from new store costs (10 and 17 new store openings in 2H’17 and FY18).””
  • 11/1/2017 – Floor & Decor Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
  • 10/16/2017 – Floor & Decor Holdings is now covered by analysts at J P Morgan Chase & Co. They set an “overweight” rating and a $46.00 price target on the stock.
  • 10/12/2017 – Floor & Decor Holdings had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $42.00 price target on the stock.

Shares of Floor & Decor Holdings, Inc. (FND) opened at $38.45 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.18 and a current ratio of 1.33. Floor & Decor Holdings, Inc. has a 52 week low of $29.37 and a 52 week high of $46.99.

Floor & Decor Holdings (NYSE:FND) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. The company had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $338.62 million. Floor & Decor Holdings had a net margin of 5.62% and a return on equity of 26.39%. Floor & Decor Holdings’s revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 0.66 earnings per share for the current year.

In other Floor & Decor Holdings news, EVP Brian K. Robbins sold 9,600 shares of the stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $41.20, for a total value of $395,520.00. Following the sale, the executive vice president now directly owns 13,160 shares in the company, valued at approximately $542,192. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Vincent West sold 90,000 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $41.39, for a total transaction of $3,725,100.00. The disclosure for this sale can be found here. Insiders sold a total of 181,781 shares of company stock worth $7,341,477 over the last quarter.

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

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