Floor & Decor Holdings, Inc. (NYSE:FND) Given Average Rating of “Hold” by Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $82.85.

A number of equities research analysts recently weighed in on the stock. Piper Sandler raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, November 12th. Citigroup decreased their target price on Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Stifel Nicolaus lowered their target price on Floor & Decor from $92.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a research report on Friday, October 31st. Finally, Evercore ISI cut their price target on Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, November 11th.

Insider Activity

In other news, President Bradley Paulsen purchased 5,000 shares of Floor & Decor stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $60.27 per share, with a total value of $301,350.00. Following the completion of the acquisition, the president owned 30,000 shares in the company, valued at $1,808,100. The trade was a 20.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Floor & Decor in the 3rd quarter worth about $26,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Floor & Decor by 207.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 366 shares of the company’s stock worth $27,000 after buying an additional 247 shares during the period. State of Wyoming bought a new position in Floor & Decor in the 2nd quarter worth approximately $46,000. Steph & Co. acquired a new stake in Floor & Decor in the 3rd quarter valued at approximately $48,000. Finally, Mather Group LLC. bought a new stake in Floor & Decor during the 3rd quarter valued at $49,000.

Floor & Decor Price Performance

Shares of NYSE FND opened at $72.76 on Monday. The business has a 50 day simple moving average of $62.25 and a 200-day simple moving average of $73.05. Floor & Decor has a twelve month low of $55.11 and a twelve month high of $108.76. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.84 and a beta of 1.73. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, equities research analysts expect that Floor & Decor will post 2 earnings per share for the current year.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.