Floor & Decor Holdings, Inc. (NYSE: FND – Get Rating) A consensus recommendation of a “moderate buy” from 15 brokerages covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The average one-year price target among analysts who updated their coverage of the stock in the past year is $107.75.
A number of analysts recently released reports on the company. Gordon Haskett Floor & Decor cut it from a “buy” rating to an “accumulated” rating in a research note on Friday, May 6. Piper Sandler lowered its price target on Floor & Decor from $136.00 to $102.00 in a research note on Thursday, April 7. Wells Fargo & Company lowered its price target on Floor & Decor from $105.00 to $95.00 and identified the company’s “overweight” rating in a research report on Wednesday, June 8. TheStreet lowered Floor & Decor’s rating from a “b” rating to a “c+” rating in a research report on Tuesday, March 22nd. Finally, Jefferies Financial Group lowered its price target on Floor & Decor from $150.00 to $146.00 and assigned a “buy” rating to the company in a research report on Thursday, March 17th.
FND shares opened at $71.61 on Friday. The stock has a 50-day moving average of $71.51 and a 200-day moving average of $89.58. Floor & Decor recorded a one-year low of $59.91 and a one-year high of $145.89. The company has a debt-to-equity ratio of 0.14, a trading ratio of 1.21 and a quick ratio of 0.16. The stock has a market capitalization of $7.58 billion, a PE ratio of 27.76, a price-earnings ratio of 1.00 and a beta of 1.77.
Floor & Decor (NYSE: FND – Get Rating) published its latest earnings results on Thursday, May 5th. The company reported earnings of $0.67 per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Floor & Decor had a return on equity of 20.21% and a net profit margin of 7.57%. The company generated $1.03 billion in revenue for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the company earned $0.68 EPS. Floor & Decor’s revenue for the quarter was up 31.5% compared to the same quarter last year. As a group, research analysts expect Floor & Decor to report 2.89 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC consolidated its position in the field of flooring and decoration by 163.6% during the fourth quarter. Quadrant Capital Group LLC now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 126 shares during the period. Confluence Wealth Services Inc. a new location in Floor & Decor during the fourth quarter valued at $30,000. Ahrens Investment Partners LLC purchased a new location in Floor & Decor during the fourth quarter valued at $39,000. National Bank of Canada FI purchased a new location in Floor & Decor during the fourth quarter valued at $52,000. Finally, SJS Investment Consulting Inc. New location in Floor & Decor during the first quarter valued at $32,000. 96.48% of the shares are owned by institutional investors and hedge funds.
About flooring and decoration (Get Rating)
Floor & Decor Holdings, Inc. operates as a specialized multi-channel retailer and commercial flooring distributor of hard surface floors and related accessories. The company’s stores offer tile, wood, laminate, vinyl and natural stone flooring products, as well as decorative and installation accessories.
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