Floor & Decor Holdings Inc (FND) Receives Average Recommendation of “Hold” from Analysts

Floor & Decor Holdings Inc (NYSE:FND) has received a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $46.47.

FND has been the topic of a number of recent research reports. Gordon Haskett initiated coverage on shares of Floor & Decor in a research report on Thursday, February 15th. They issued an “accumulate” rating and a $50.00 target price on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $54.00 price objective (up previously from $47.00) on shares of Floor & Decor in a research note on Monday, January 8th. Bank of America cut shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a research note on Wednesday, April 11th. They noted that the move was a valuation call. Wells Fargo set a $45.00 price objective on shares of Floor & Decor and gave the stock a “hold” rating in a research note on Monday, January 8th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Floor & Decor in a research note on Monday, March 5th.

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Shares of FND traded up $1.77 during mid-day trading on Thursday, reaching $56.02. The company’s stock had a trading volume of 309,286 shares, compared to its average volume of 736,165. The firm has a market cap of $5,227.21 and a price-to-earnings ratio of 80.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.21 and a current ratio of 1.40. Floor & Decor has a 52 week low of $29.37 and a 52 week high of $58.28.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, March 1st. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $389.50 million during the quarter, compared to analyst estimates of $388.63 million. Floor & Decor had a net margin of 7.42% and a return on equity of 21.26%. The firm’s revenue was up 40.0% on a year-over-year basis. equities research analysts predict that Floor & Decor will post 0.99 earnings per share for the current year.

In other Floor & Decor news, CMO Lisa Laube sold 96,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $55.00, for a total transaction of $5,280,000.00. Following the sale, the chief marketing officer now owns 139,987 shares in the company, valued at approximately $7,699,285. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Victor Christopherson sold 8,817 shares of the firm’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $57.30, for a total transaction of $505,214.10. Following the sale, the executive vice president now owns 12,845 shares in the company, valued at approximately $736,018.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 637,484 shares of company stock worth $34,081,713. 8.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FND. Thompson Davis & CO. Inc. purchased a new stake in shares of Floor & Decor during the fourth quarter worth about $110,000. Teachers Retirement System of The State of Kentucky purchased a new position in Floor & Decor during the 4th quarter worth approximately $156,000. Amalgamated Bank purchased a new position in Floor & Decor during the 4th quarter worth approximately $214,000. State of Wisconsin Investment Board purchased a new position in Floor & Decor during the 4th quarter worth approximately $220,000. Finally, Steinberg Global Asset Management purchased a new position in Floor & Decor during the 4th quarter worth approximately $243,000. Institutional investors own 94.09% of the company’s stock.

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About Floor & Decor

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).

Analyst Recommendations for Floor & Decor (NYSE:FND)

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