Floor & Decor Holdings, Inc. (NYSE:FND) Receives $83.95 Consensus Target Price from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has received a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $83.95.

A number of analysts have recently weighed in on FND shares. Citigroup reduced their price objective on shares of Floor & Decor from $81.00 to $75.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Guggenheim cut their target price on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Wolfe Research started coverage on shares of Floor & Decor in a report on Thursday, September 18th. They set an “underperform” rating and a $76.00 price target for the company. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $92.00 target price on shares of Floor & Decor in a research note on Friday, October 31st.

Insider Buying and Selling at Floor & Decor

In related news, President Bradley Paulsen acquired 5,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $60.27 per share, for a total transaction of $301,350.00. Following the completion of the purchase, the president owned 30,000 shares in the company, valued at approximately $1,808,100. The trade was a 20.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Floor & Decor

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Floor & Decor by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 10,173,547 shares of the company’s stock worth $818,665,000 after purchasing an additional 380,976 shares during the period. Capital World Investors grew its position in Floor & Decor by 37.2% during the third quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock worth $509,589,000 after buying an additional 1,872,892 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Floor & Decor by 32.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,837,665 shares of the company’s stock valued at $550,228,000 after acquiring an additional 1,686,085 shares during the period. Principal Financial Group Inc. raised its holdings in Floor & Decor by 46.0% in the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after acquiring an additional 2,015,999 shares in the last quarter. Finally, State Street Corp raised its holdings in Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company’s stock valued at $289,527,000 after acquiring an additional 42,636 shares in the last quarter.

Floor & Decor Stock Performance

FND opened at $57.98 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The company has a market cap of $6.25 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 2.47 and a beta of 1.70. The stock has a 50-day moving average of $71.80 and a 200-day moving average of $76.29. Floor & Decor has a 52-week low of $55.11 and a 52-week high of $122.90.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, October 30th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a return on equity of 9.34% and a net margin of 4.65%.The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. As a group, equities research analysts forecast that Floor & Decor will post 2 earnings per share for the current fiscal year.

About Floor & Decor

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.