By otakuyassine3@gmail.com 
Floor & Decor Holdings, Inc. (NYSE:FND – Get Free Report)’s stock price fell 4.3% during mid-day trading on Thursday . The company traded as low as $97.09 and last traded at $97.33. 522,221 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 1,475,066 shares. The stock had previously closed at $101.74.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on FND shares. Piper Sandler cut their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a report on Monday, November 11th. Melius Research began coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.37.
Read Our Latest Analysis on FND
Floor & Decor Stock Down 3.7 %
The firm has a fifty day moving average price of $107.69 and a 200 day moving average price of $107.33. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market cap of $10.51 billion, a P/E ratio of 54.45, a PEG ratio of 14.75 and a beta of 1.82.
Floor & Decor (NYSE:FND – Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The company’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock valued at $622,821,000 after purchasing an additional 1,291,214 shares during the period. XN LP bought a new position in Floor & Decor in the second quarter valued at approximately $70,177,000. Massachusetts Financial Services Co. MA grew its holdings in Floor & Decor by 221.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after acquiring an additional 333,338 shares during the period. State Street Corp raised its position in shares of Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after acquiring an additional 222,980 shares during the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Floor & Decor by 94.7% in the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after purchasing an additional 173,518 shares during the period.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.
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