Zacks Investment Research upgraded shares of Floor & Decor Holdings, Inc. (NYSE:FND) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. They currently have $45.00 target price on the stock.

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. “

Several other research analysts also recently weighed in on FND. UBS AG began coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They issued a neutral rating and a $39.00 price target on the stock. Credit Suisse Group set a $43.00 price target on shares of Floor & Decor Holdings and gave the stock a buy rating in a research report on Sunday, May 28th. Loop Capital initiated coverage on shares of Floor & Decor Holdings in a research report on Friday, August 18th. They set a hold rating and a $35.00 price objective on the stock. Piper Jaffray Companies initiated coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They set a neutral rating and a $40.00 price objective on the stock. Finally, Jefferies Group LLC initiated coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They set a hold rating and a $38.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $41.08.

Floor & Decor Holdings (NYSE:FND) opened at 39.96 on Tuesday. The stock has a 50 day moving average price of $35.66 and a 200-day moving average price of $37.03. The stock has a market cap of $3.76 billion and a P/E ratio of 58.85. Floor & Decor Holdings has a 52 week low of $29.37 and a 52 week high of $46.99.

Floor & Decor Holdings (NYSE:FND) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.20 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. The business had revenue of $344.00 million during the quarter, compared to the consensus estimate of $343.73 million. The company’s revenue was up 29.4% compared to the same quarter last year. On average, equities analysts anticipate that Floor & Decor Holdings will post $0.60 EPS for the current fiscal year.

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In other Floor & Decor Holdings news, CMO Lisa Laube sold 87,000 shares of Floor & Decor Holdings stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total value of $3,349,500.00. Following the sale, the chief marketing officer now directly owns 165,987 shares in the company, valued at approximately $6,390,499.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Trevor Lang sold 46,200 shares of Floor & Decor Holdings stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 7,118,047 shares of company stock worth $274,044,810 over the last 90 days.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank bought a new stake in Floor & Decor Holdings in the 2nd quarter valued at $157,000. Public Employees Retirement System of Ohio bought a new stake in Floor & Decor Holdings in the 2nd quarter valued at $179,000. Balyasny Asset Management LLC bought a new stake in Floor & Decor Holdings in the 2nd quarter valued at $212,000. Oppenheimer Asset Management Inc. bought a new stake in Floor & Decor Holdings in the 2nd quarter valued at $216,000. Finally, Neuberger Berman Group LLC bought a new stake in Floor & Decor Holdings in the 2nd quarter valued at $287,000. Institutional investors own 92.78% of the company’s stock.

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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