Shares of Floor & Decor Holdings Inc (NYSE:FND) have been assigned a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $43.09.
Several research firms have recently issued reports on FND. Zacks Investment Research lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Telsey Advisory Group reiterated a “market perform” rating and set a $42.00 target price (down from $44.00) on shares of Floor & Decor in a report on Friday, May 3rd. Wedbush restated an “in-line” rating and issued a $48.00 price objective (up from $43.00) on shares of Floor & Decor in a report on Thursday, April 25th. UBS Group boosted their price objective on shares of Floor & Decor from $44.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $54.00 price objective (up from $45.00) on shares of Floor & Decor in a report on Wednesday, April 24th.
In other Floor & Decor news, Director George Vincent West sold 150,000 shares of Floor & Decor stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $43.95, for a total value of $6,592,500.00. Following the completion of the sale, the director now owns 150,000 shares of the company’s stock, valued at approximately $6,592,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Lisa Laube sold 70,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, April 24th. The stock was sold at an average price of $48.00, for a total transaction of $3,360,000.00. Following the completion of the sale, the chief marketing officer now directly owns 111,087 shares of the company’s stock, valued at approximately $5,332,176. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,668,123 shares of company stock valued at $292,988,420. 7.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY grew its position in Floor & Decor by 18.3% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock worth $181,000 after purchasing an additional 680 shares during the period. FMR LLC grew its position in shares of Floor & Decor by 44.3% during the 1st quarter. FMR LLC now owns 3,784,344 shares of the company’s stock valued at $155,991,000 after acquiring an additional 1,161,156 shares during the period. Maverick Capital Ltd. bought a new stake in shares of Floor & Decor during the 1st quarter valued at $12,677,000. Park West Asset Management LLC bought a new stake in shares of Floor & Decor during the 1st quarter valued at $8,244,000. Finally, Macquarie Group Ltd. grew its position in shares of Floor & Decor by 7,970.0% during the 1st quarter. Macquarie Group Ltd. now owns 811,273 shares of the company’s stock valued at $33,441,000 after acquiring an additional 801,220 shares during the period.
FND traded down $0.35 on Friday, hitting $40.96. The company had a trading volume of 8,399 shares, compared to its average volume of 1,199,334. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23. Floor & Decor has a 52-week low of $23.30 and a 52-week high of $55.86. The firm has a market capitalization of $4.17 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 1.62 and a beta of 1.78.
Floor & Decor (NYSE:FND) last released its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The firm had revenue of $477.05 million during the quarter, compared to analyst estimates of $480.17 million. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was up 18.4% on a year-over-year basis. Analysts expect that Floor & Decor will post 1.11 EPS for the current fiscal year.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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