Floor & Decor Holdings, Inc. (NYSE: FND) Receives an Average “Buy” Recommendation from Analysts
Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) received a consensus “Buy” recommendation from the fourteen brokerages that cover the business, MarketBeat Ratings reports. Two investment analysts gave the stock a hold rating and eight gave the company a buy rating. The 12-month average price target among brokerages that have covered the stock over the past year is $120.55.
Several research firms have recently weighed in on FND. Telsey Advisory Group lowered its price target on Floor & Decor from $150.00 to $135.00 and set an “outperform” rating for the company in a Friday, Feb. 18 research note. Jefferies Financial Group lowered its price target on Floor & Decor from $150.00 to $146.00 and set a “buy” rating on the stock in a Thursday, March 17 report. Piper Sandler lowered its target price on Floor & Decor from $136.00 to $102.00 in a Thursday, April 7 report. Robert W. Baird lowered his target price on Floor & Decor from $130.00 to $110.00 in a Monday, May 2 report. Finally, TheStreet upgraded Floor & Decor from a “b” to a “c+” rating in a report on Tuesday, March 22.
Floor & Decor’s stock opened at $65.97 on Wednesday. Floor & Decor has a 12-month low of $65.08 and a 12-month high of $145.89. The stock has a 50-day moving average of $77.07 and a two-hundred-day moving average of $97.06. The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt ratio of 0.14. The stock has a market capitalization of $6.98 billion, a price/earnings ratio of 25.57, a PEG ratio of 0.98 and a beta of 1.76.
Floor & Decor (NYSE:FND – Get Rating) last released its results on Thursday, May 5. The company reported earnings per share (EPS) of $0.67 for the quarter, beating analyst consensus estimates of $0.65 by $0.02. The company posted revenue of $1.03 billion in the quarter, versus a consensus estimate of $1 billion. Floor & Decor achieved a return on equity of 20.21% and a net margin of 7.57%. The company’s revenue for the quarter increased 31.5% year over year. During the same period a year earlier, the company posted EPS of $0.68. Stock analysts predict Floor & Decor will post earnings per share of 2.89 for the current year.
Several hedge funds and other institutional investors have recently changed their positions in the company. Verition Fund Management LLC purchased a new stake in Floor & Decor in the first quarter worth approximately $4,580,000. Walleye Capital LLC increased its stake in Floor & Decor by 41.8% in the first quarter. Walleye Capital LLC now owns 46,902 shares of the company valued at $3,799,000 after purchasing an additional 13,825 shares in the last quarter. Neuberger Berman Group LLC increased its stake in Floor & Decor by 1.2% in the first quarter. Neuberger Berman Group LLC now owns 1,927,327 shares of the company valued at $156,117,000 after purchasing an additional 22,537 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Floor & Decor by 7.0% in the first quarter. Chicago Partners Investment Group LLC now owns 24,408 shares of the company valued at $1,688,000 after purchasing an additional 1,588 shares in the last quarter. Lastly, BNP Paribas Arbitrage SA increased its stake in Floor & Decor by 96.5% in the first quarter. BNP Paribas Arbitrage SA now owns 39,871 shares in the company valued at $3,230,000 after purchasing an additional 19,579 shares in the last quarter. 96.48% of the shares are currently held by institutional investors and hedge funds.
About the floor and the decoration (Get a rating)
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and distributor of commercial flooring of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl and natural stone products, as well as decorative and installation accessories.
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