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

Shares of Floor & Decor Holdings, Inc. (NYSE:FND) have received an average rating of “Hold” from the nineteen ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $86.8333.

Several equities research analysts have recently weighed in on FND shares. Evercore ISI reduced their price target on Floor & Decor from $80.00 to $75.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Floor & Decor in a report on Wednesday, October 8th. Guggenheim reduced their price target on Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Morgan Stanley reduced their price target on Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating on the stock in a report on Friday, August 1st. Finally, UBS Group reduced their price target on Floor & Decor from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently modified their holdings of the business. Evergreen Capital Management LLC purchased a new stake in shares of Floor & Decor in the third quarter worth approximately $223,000. Campbell & CO Investment Adviser LLC bought a new position in Floor & Decor in the third quarter worth approximately $746,000. TD Private Client Wealth LLC grew its stake in Floor & Decor by 2,013.6% in the third quarter. TD Private Client Wealth LLC now owns 930 shares of the company’s stock worth $69,000 after purchasing an additional 886 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in Floor & Decor by 124.9% in the third quarter. Harbor Investment Advisory LLC now owns 1,291 shares of the company’s stock worth $95,000 after purchasing an additional 717 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Floor & Decor by 18.4% in the third quarter. Venturi Wealth Management LLC now owns 4,060 shares of the company’s stock worth $299,000 after purchasing an additional 632 shares in the last quarter.

Floor & Decor Trading Down 0.7%

Shares of FND stock opened at $72.06 on Wednesday. Floor & Decor has a 1 year low of $66.01 and a 1 year high of $122.90. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.25 and a quick ratio of 0.28. The stock’s 50 day simple moving average is $78.43 and its two-hundred day simple moving average is $77.34. The company has a market cap of $7.76 billion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 3.11 and a beta of 1.70.

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