Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) PT at $110.19

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have been assigned an average rating of “Hold” from the twenty-two brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $110.19.

A number of brokerages have weighed in on FND. Piper Sandler upped their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. UBS Group downgraded shares of Floor & Decor from a “buy” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Tuesday, March 5th. The Goldman Sachs Group upped their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Telsey Advisory Group boosted their price objective on Floor & Decor from $95.00 to $110.00 and gave the stock a “market perform” rating in a report on Friday, February 23rd. Finally, Bank of America boosted their price objective on Floor & Decor from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, March 14th.

Floor & Decor Stock Performance

FND stock opened at $110.90 on Friday. The company has a market capitalization of $11.84 billion, a P/E ratio of 48.85, a PEG ratio of 5.28 and a beta of 1.85. The company has a 50-day simple moving average of $118.98 and a 200 day simple moving average of $105.06. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $0.64 EPS. Floor & Decor’s revenue was up .0% on a year-over-year basis. Sell-side analysts predict that Floor & Decor will post 1.92 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Norman Axelrod sold 40,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $119.97, for a total value of $4,798,800.00. Following the transaction, the director now owns 226,080 shares in the company, valued at $27,122,817.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $118.70, for a total value of $813,095.00. Following the completion of the transaction, the chief accounting officer now owns 25,271 shares in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 in the last 90 days. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

Hedge funds have recently added to or reduced their stakes in the company. Riverview Trust Co acquired a new position in Floor & Decor in the first quarter worth approximately $26,000. Mendota Financial Group LLC bought a new stake in Floor & Decor during the fourth quarter worth approximately $33,000. Rise Advisors LLC bought a new stake in Floor & Decor during the first quarter worth approximately $39,000. DekaBank Deutsche Girozentrale bought a new stake in Floor & Decor during the third quarter worth approximately $30,000. Finally, Global Retirement Partners LLC boosted its position in Floor & Decor by 97.1% during the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after purchasing an additional 167 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.