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

Floor & Decor Holdings, Inc. (NYSE:FND) has earned an average rating of “Hold” from the twenty-two ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $110.19.

A number of analysts have commented on FND shares. Barclays lifted their price target on Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a research report on Thursday, January 4th. 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 research note on Thursday, March 14th. Truist Financial upped their price target on Floor & Decor from $102.00 to $127.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group upped their price objective on Floor & Decor from $71.00 to $79.00 and gave the company a “neutral” rating in a report on Monday, February 26th. Finally, Wells Fargo & Company cut Floor & Decor from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th.

Insider Buying and Selling at Floor & Decor

In other news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the sale, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the transaction, the president now directly owns 170,844 shares in the company, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock worth $11,016,089 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently made changes to their positions in FND. Whittier Trust Co. of Nevada Inc. boosted its holdings in Floor & Decor by 24.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after purchasing an additional 113 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Floor & Decor by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock valued at $2,609,000 after purchasing an additional 117 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Floor & Decor by 2.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock valued at $574,000 after purchasing an additional 120 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Floor & Decor by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,709 shares of the company’s stock valued at $1,195,000 after purchasing an additional 121 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Floor & Decor by 16.4% in the 4th quarter. Lindbrook Capital LLC now owns 885 shares of the company’s stock valued at $99,000 after purchasing an additional 125 shares in the last quarter.

Floor & Decor Stock Up 0.4 %

Floor & Decor stock opened at $108.51 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The stock has a market capitalization of $11.59 billion, a price-to-earnings ratio of 47.80, a PEG ratio of 5.21 and a beta of 1.85. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The business has a fifty day moving average price of $118.93 and a 200-day moving average price of $104.84.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. Floor & Decor had a return on equity of 13.38% and a net margin of 5.57%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm earned $0.64 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities research analysts forecast that Floor & Decor will post 1.92 EPS for the current fiscal year.

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.