Floor & Decor Holdings, Inc. (NYSE:FND) Receives Average Rating of “Hold” from Brokerages

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $88.6250.

FND has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, August 1st. Wolfe Research assumed coverage on shares of Floor & Decor in a report on Thursday, September 18th. They issued an “underperform” rating and a $76.00 target price for the company. Piper Sandler lowered their target price on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Friday, August 1st. Guggenheim reduced their price target on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Floor & Decor in a research report on Saturday, September 27th.

Floor & Decor Stock Up 0.0%

Shares of NYSE FND opened at $73.69 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.25 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average price of $81.84 and a 200 day moving average price of $78.25. Floor & Decor has a 52 week low of $66.01 and a 52 week high of $122.90. The stock has a market capitalization of $7.94 billion, a price-to-earnings ratio of 37.79, a price-to-earnings-growth ratio of 3.16 and a beta of 1.70.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $0.52 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities research analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Floor & Decor by 42.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares in the last quarter. State of Wyoming acquired a new position in shares of Floor & Decor during the second quarter worth $46,000. Zions Bancorporation National Association UT bought a new stake in shares of Floor & Decor in the first quarter worth $47,000. eCIO Inc. bought a new stake in shares of Floor & Decor in the first quarter worth $62,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Floor & Decor by 42.6% in the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock worth $69,000 after buying an additional 255 shares during the last quarter.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.