Shares of Floor & Decor Holdings Inc (NYSE:FND) have received an average recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $40.75.

A number of research analysts recently weighed in on the stock. UBS AG assumed coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They issued a “neutral” rating and a $39.00 target price for the company. Zacks Investment Research downgraded shares of Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Credit Suisse Group set a $43.00 target price on shares of Floor & Decor Holdings and gave the company a “buy” rating in a research report on Sunday, May 28th. Loop Capital assumed coverage on shares of Floor & Decor Holdings in a research report on Friday, August 18th. They issued a “hold” rating and a $35.00 target price for the company. Finally, Piper Jaffray Companies assumed coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They issued a “neutral” rating and a $40.00 target price for the company.

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In other Floor & Decor Holdings news, CFO Trevor Lang sold 46,200 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now owns 192,519 shares in the company, valued at $7,411,981.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Corporate Opportunities F. Ares sold 6,772,781 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total transaction of $260,752,068.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,118,047 shares of company stock valued at $274,044,810.

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new stake in shares of Floor & Decor Holdings during the second quarter worth approximately $4,368,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Floor & Decor Holdings during the second quarter worth approximately $216,000. Brighton Jones LLC purchased a new stake in shares of Floor & Decor Holdings during the second quarter worth approximately $397,000. Neuberger Berman Group LLC purchased a new stake in shares of Floor & Decor Holdings during the second quarter worth approximately $287,000. Finally, Federated Investors Inc. PA purchased a new stake in shares of Floor & Decor Holdings during the second quarter worth approximately $20,502,000. Hedge funds and other institutional investors own 65.95% of the company’s stock.

Floor & Decor Holdings (NYSE FND) traded up 0.06% during midday trading on Wednesday, hitting $35.96. 187,491 shares of the company traded hands. Floor & Decor Holdings has a 12-month low of $5.69 and a 12-month high of $46.95. The firm has a market capitalization of $3.38 billion and a PE ratio of 52.96. The stock’s 50-day moving average is $35.80 and its 200-day moving average is $36.93.

Floor & Decor Holdings (NYSE:FND) last released its earnings results on Thursday, July 27th. The company reported $0.20 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.20. The business had revenue of $344 million during the quarter, compared to the consensus estimate of $343.73 million. Floor & Decor Holdings had a net margin of 5.94% and a return on equity of 32.31%. The business’s revenue for the quarter was up 29.4% on a year-over-year basis. Analysts anticipate that Floor & Decor Holdings will post $0.60 EPS for the current fiscal year.

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).

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

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