Zacks Investment Research cut shares of Floor & Decor Holdings, Inc. (NYSE:FND) from a buy rating to a hold rating in a research note published on Friday.

According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “

A number of other equities research analysts have also recently issued reports on FND. Bank of America Corporation reaffirmed a neutral rating and issued a $42.00 target price (up from $40.00) on shares of Floor & Decor Holdings in a report on Sunday, May 28th. Jefferies Group LLC assumed coverage on shares of Floor & Decor Holdings in a report on Monday, May 22nd. They issued a hold rating and a $38.00 target price on the stock. Wedbush assumed coverage on shares of Floor & Decor Holdings in a report on Wednesday, June 14th. They issued a neutral rating and a $45.00 target price on the stock. Piper Jaffray Companies assumed coverage on shares of Floor & Decor Holdings in a report on Monday, May 22nd. They issued a neutral rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on shares of Floor & Decor Holdings in a report on Friday, May 26th. They issued a market perform rating and a $40.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Floor & Decor Holdings currently has an average rating of Hold and a consensus price target of $40.85.

Shares of Floor & Decor Holdings (FND) opened at 33.29 on Friday. The stock has a market capitalization of $3.13 billion and a price-to-earnings ratio of 49.03. Floor & Decor Holdings has a one year low of $29.37 and a one year high of $46.99. The company’s 50 day moving average price is $34.93 and its 200 day moving average price is $37.20.

Floor & Decor Holdings (NYSE:FND) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The business had revenue of $344 million for the quarter, compared to the consensus estimate of $343.73 million. Floor & Decor Holdings’s revenue was up 29.4% on a year-over-year basis. On average, analysts expect that Floor & Decor Holdings will post $0.60 earnings per share for the current fiscal year.

WARNING: “Floor & Decor Holdings, Inc. (FND) Cut to Hold at Zacks Investment Research” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/21/floor-decor-holdings-inc-fnd-cut-to-hold-at-zacks-investment-research.html.

In other Floor & Decor Holdings news, CFO Trevor Lang sold 46,200 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total value of $1,778,700.00. Following the transaction, the chief financial officer now directly owns 192,519 shares of the company’s stock, valued at approximately $7,411,981.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Lisa Laube sold 87,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total transaction of $3,349,500.00. Following the completion of the transaction, the chief marketing officer now directly owns 165,987 shares in the company, valued at $6,390,499.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,118,047 shares of company stock worth $274,044,810.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank bought a new position in Floor & Decor Holdings during the second quarter valued at $157,000. Public Employees Retirement System of Ohio bought a new position in Floor & Decor Holdings during the second quarter valued at $179,000. California State Teachers Retirement System bought a new position in Floor & Decor Holdings during the second quarter valued at $715,000. CNH Partners LLC bought a new position in Floor & Decor Holdings during the second quarter valued at $589,000. Finally, Cubist Systematic Strategies LLC bought a new position in Floor & Decor Holdings during the second quarter valued at $1,775,000. 2.99% of the stock is currently owned by hedge funds and other institutional investors.

Floor & Decor Holdings Company Profile

Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).

Get a free copy of the Zacks research report on Floor & Decor Holdings (FND)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Floor & Decor Holdings (NYSE:FND)

Receive News & Stock Ratings for Floor & Decor Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor Holdings Inc. and related stocks with our FREE daily email newsletter.