Shares of Floor & Decor Holdings Inc (NYSE:FND) have been assigned a consensus rating of “Buy” from the twenty analysts that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $45.83.

FND has been the subject of a number of research analyst reports. Piper Jaffray Companies raised shares of Floor & Decor from a “neutral” rating to an “overweight” rating and set a $40.00 price objective for the company in a research report on Wednesday, June 6th. TheStreet cut shares of Floor & Decor from a “c-” rating to a “d+” rating in a research report on Friday, August 31st. Zacks Investment Research cut shares of Floor & Decor from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective (down from $55.00) on shares of Floor & Decor in a research report on Friday, August 3rd. Finally, William Blair initiated coverage on shares of Floor & Decor in a research report on Wednesday, June 6th. They set an “outperform” rating for the company.

Shares of NYSE:FND traded up $0.18 during midday trading on Friday, hitting $34.98. The stock had a trading volume of 1,121,766 shares, compared to its average volume of 937,282. Floor & Decor has a 12 month low of $34.33 and a 12 month high of $58.28. The company has a current ratio of 1.50, a quick ratio of 0.21 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $3.40 billion, a PE ratio of 50.70, a P/E/G ratio of 1.46 and a beta of -1.77.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 2nd. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. Floor & Decor had a net margin of 9.10% and a return on equity of 19.93%. The business had revenue of $434.28 million during the quarter, compared to analysts’ expectations of $436.17 million. During the same period last year, the business earned $0.20 earnings per share. The firm’s revenue was up 26.2% on a year-over-year basis. equities analysts predict that Floor & Decor will post 0.96 earnings per share for the current fiscal year.

In other news, Director George Vincent West sold 240,000 shares of the business’s stock in a transaction dated Tuesday, June 19th. The shares were sold at an average price of $54.42, for a total value of $13,060,800.00. Following the completion of the sale, the director now owns 167,938 shares of the company’s stock, valued at $9,139,185.96. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Thomas V. Taylor sold 36,525 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $55.03, for a total transaction of $2,009,970.75. Following the completion of the sale, the chief executive officer now directly owns 59,673 shares of the company’s stock, valued at approximately $3,283,805.19. The disclosure for this sale can be found here. In the last three months, insiders sold 353,569 shares of company stock valued at $19,195,371. 8.20% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in FND. Wells Fargo & Company MN boosted its position in shares of Floor & Decor by 20.8% in the first quarter. Wells Fargo & Company MN now owns 133,624 shares of the company’s stock valued at $6,964,000 after acquiring an additional 22,966 shares during the period. Rhumbline Advisers raised its stake in Floor & Decor by 42.2% in the first quarter. Rhumbline Advisers now owns 28,001 shares of the company’s stock valued at $1,459,000 after purchasing an additional 8,315 shares in the last quarter. American Century Companies Inc. raised its stake in Floor & Decor by 20.1% in the first quarter. American Century Companies Inc. now owns 131,198 shares of the company’s stock valued at $6,838,000 after purchasing an additional 22,001 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Floor & Decor in the first quarter valued at about $14,305,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Floor & Decor in the first quarter valued at about $671,000.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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Analyst Recommendations for Floor & Decor (NYSE:FND)

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