By otakuyassine3@gmail.com 
Floor & Decor Holdings, Inc. (NYSE:FND – Get Free Report) has received a consensus recommendation of “Hold” from the nineteen research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $104.37.
A number of brokerages recently issued reports on FND. Melius Research began coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price on the stock. Stifel Nicolaus lifted their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Wedbush reiterated an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a research report on Friday, October 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research note on Monday, November 11th. Finally, Wells Fargo & Company increased 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.
Floor & Decor Stock Down 0.0 %
Shares of NYSE:FND opened at $99.89 on Thursday. 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 capitalization of $10.71 billion, a P/E ratio of 55.49, a P/E/G ratio of 14.75 and a beta of 1.82. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67. The stock’s fifty day simple moving average is $105.93 and its 200-day simple moving average is $106.40.
Floor & Decor (NYSE:FND – Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. As a group, equities research analysts forecast that Floor & Decor will post 1.71 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Floor & Decor
Several hedge funds have recently modified their holdings of FND. JPMorgan Chase & Co. raised its stake in shares of Floor & Decor by 16.0% during the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after purchasing an additional 223,332 shares during the period. Principal Financial Group Inc. grew its holdings in Floor & Decor by 6.0% during the 3rd quarter. Principal Financial Group Inc. now owns 538,555 shares of the company’s stock valued at $66,872,000 after purchasing an additional 30,310 shares in the last quarter. Retirement Systems of Alabama increased its stake in Floor & Decor by 20.0% during the 3rd quarter. Retirement Systems of Alabama now owns 158,440 shares of the company’s stock worth $19,673,000 after buying an additional 26,362 shares during the period. Tidal Investments LLC lifted its holdings in Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company’s stock worth $835,000 after buying an additional 130 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Floor & Decor in the 3rd quarter valued at about $74,000.
About Floor & Decor
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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