Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) Target Price at $106.68

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have earned an average recommendation of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $104.83.

FND has been the topic of a number of research reports. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday, February 21st. Piper Sandler lowered their price objective on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and increased their target price for the stock from $100.00 to $110.00 in a report on Monday, February 24th. Finally, The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th.

Floor & Decor Price Performance

NYSE FND opened at $85.73 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a market cap of $9.21 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 19.06 and a beta of 1.95. The business has a 50 day simple moving average of $96.94 and a 200 day simple moving average of $104.67. Floor & Decor has a 52-week low of $84.07 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. Analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Challenger Wealth Management acquired a new stake in Floor & Decor during the 4th quarter valued at $249,000. Forum Financial Management LP bought a new position in shares of Floor & Decor in the fourth quarter valued at about $202,000. Cache Advisors LLC acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Floor & Decor by 10.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company’s stock worth $30,871,000 after buying an additional 29,480 shares during the period. Finally, Worldly Partners Management LLC grew its stake in Floor & Decor by 1.7% in the 4th quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company’s stock valued at $103,427,000 after buying an additional 17,780 shares during the last quarter.

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.