Analysts at Gordon Haskett initiated coverage on shares of Floor & Decor (NYSE:FND) in a research report issued to clients and investors on Thursday. The brokerage set an “accumulate” rating and a $50.00 price target on the stock. Gordon Haskett’s price objective would indicate a potential upside of 10.33% from the stock’s current price.

A number of other equities research analysts have also recently commented on FND. Zacks Investment Research raised Floor & Decor from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Monday, November 6th. Jefferies Group lifted their price objective on Floor & Decor from $38.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $54.00 price objective (up from $47.00) on shares of Floor & Decor in a research note on Monday, January 8th. Wells Fargo & Co set a $45.00 target price on Floor & Decor and gave the company a “hold” rating in a research note on Monday, January 8th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $50.00 target price on shares of Floor & Decor in a research note on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $45.41.

Shares of Floor & Decor (NYSE FND) traded up $0.25 during trading on Thursday, hitting $45.32. The company had a trading volume of 36,529 shares, compared to its average volume of 694,637. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.47. Floor & Decor has a twelve month low of $29.37 and a twelve month high of $51.48.

In other Floor & Decor news, CFO Trevor Lang sold 44,322 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $50.00, for a total value of $2,216,100.00. Following the completion of the transaction, the chief financial officer now directly owns 182,991 shares of the company’s stock, valued at $9,149,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Starrett sold 45,000 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $49.31, for a total value of $2,218,950.00. Following the completion of the sale, the director now owns 34,995 shares in the company, valued at $1,725,603.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,590,287 shares of company stock valued at $200,785,848.

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Floor & Decor by 8.7% in the fourth quarter. Rhumbline Advisers now owns 19,686 shares of the company’s stock valued at $958,000 after purchasing an additional 1,577 shares in the last quarter. Brighton Jones LLC lifted its holdings in shares of Floor & Decor by 17.1% in the third quarter. Brighton Jones LLC now owns 11,834 shares of the company’s stock valued at $461,000 after purchasing an additional 1,731 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Floor & Decor by 13.9% in the fourth quarter. Advisor Group Inc. now owns 16,626 shares of the company’s stock valued at $810,000 after purchasing an additional 2,027 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of Floor & Decor in the fourth quarter valued at about $110,000. Finally, FNY Partners Fund LP bought a new stake in shares of Floor & Decor in the third quarter valued at about $116,000. Institutional investors own 91.51% of the company’s stock.

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About Floor & Decor

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 (NYSE:FND)

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