Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) earned an average rating of “moderate buy” from the seventeen rating companies that cover the stock, Marketbeat.com reports. Five investment analysts rated the stock with a hold recommendation and nine gave the company a buy recommendation. The 1-year average price target among analysts who updated their coverage of the stock in the past year is $104.77.
The NDF has been the subject of several reports by research analysts. Citigroup raised its price target on shares of Floor & Decor to $112.00 in a Monday, August 15 research report. Goldman Sachs Group downgraded shares of Floor & Decor from a ‘buy’ rating to a ‘neutral’ rating and cut its price target for the company from $109.00 to $64.00 in a Monday report June 27. William Blair reiterated an “outperforming” rating on Floor & Decor shares in a Thursday, August 11 report. MKM Partners began covering Floor & Decor stocks in a report on Thursday, June 23. They set a “neutral” rating and a price target of $65.00 for the company. Finally, Wells Fargo & Company cut its price target on Floor & Decor stock from $105.00 to $95.00 and set an “overweight” rating for the company in a Wednesday, June 8 report.
Price performance of flooring and decoration
NYSE: FND opened at $69.64 on Friday. The company’s fifty-day moving average is $82.97 and its two-hundred-day moving average is $80.04. The company has a debt ratio of 0.18, a quick ratio of 0.14 and a current ratio of 1.26. Floor & Decor has a one-year low of $59.91 and a one-year high of $145.89. The company has a market capitalization of $7.38 billion, a price/earnings ratio of 27.10, a PEG ratio of 1.15 and a beta of 1.82.
Floor & Decor (NYSE:FND – Get Rating) last released its results on Thursday, August 4. The company reported earnings per share (EPS) of $0.76 for the quarter, beating the consensus estimate of $0.73 by $0.03. Floor & Decor achieved a net margin of 7.09% and a return on equity of 19.25%. The company posted revenue of $1.09 billion for the quarter, compared to analysts’ estimates of $1.07 billion. During the same period a year earlier, the company posted EPS of $0.73. The company’s revenue for the quarter increased 26.7% year over year. Research analysts expect Floor & Decor to post EPS of 2.71 for the current year.
Insider buying and selling
In related news, Executive Vice President Steven Alan Denny sold 6,028 shares of Floor & Decor in a trade on Monday August 8th. The shares were sold at an average price of $95.10, for a total transaction of $573,262.80. Following the sale, the executive vice president now directly owns 4,477 shares of the company, valued at approximately $425,762.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. 2.70% of the shares are held by insiders of the company.
Institutional entries and exits
Institutional investors have recently bought and sold shares of the company. Alera Investment Advisors LLC increased its holdings of Floor & Decor shares by 2.2% in the second quarter. Alera Investment Advisors LLC now owns 5,433 shares of the company valued at $343,000 after acquiring 117 additional shares in the last quarter. Lazard Asset Management LLC increased its holdings of Floor & Decor shares by 1.3% in the first quarter. Lazard Asset Management LLC now owns 10,982 shares of the company valued at $889,000 after acquiring 141 additional shares last quarter. Arizona State Retirement System increased its holdings of Floor & Decor stocks 0.5% in the second quarter. Arizona State Retirement System now owns 28,685 shares of the company valued at $1,806,000 after acquiring 142 additional shares last quarter. ACR Alpine Capital Research LLC increased its equity stake in Floor & Decor by 2.2% in the second quarter. ACR Alpine Capital Research LLC now owns 6,657 shares of the company valued at $419,000 after acquiring 144 additional shares last quarter. Finally, Signaturefd LLC increased its equity stake in Floor & Decor by 14.9% in the first quarter. Signaturefd LLC now owns 1,157 shares of the company valued at $94,000 after acquiring 150 additional shares in the last quarter.
About flooring and decoration
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Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and distributor of commercial flooring of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl and natural stone products, as well as decorative and installation accessories.
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