Floor & Decor Holdings, Inc. (NYSE:FND) Receives $110.19 Average Price Target from Brokerages

Floor & Decor Holdings, Inc. (NYSE:FND) has earned a consensus rating of “Hold” from the twenty-two ratings firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $110.19.

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company cut shares of Floor & Decor from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $105.00 in a research note on Thursday, January 4th. Barclays upped their price target on shares of Floor & Decor from $66.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, January 4th. Truist Financial upped their price target on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Wedbush upped their price target on shares of Floor & Decor from $115.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th.

Insiders Place Their Bets

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the sale, the president now directly owns 170,844 shares of the company’s stock, valued at approximately $21,061,648.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Trevor Lang sold 13,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the transaction, the president now directly owns 170,844 shares in the company, valued at approximately $21,061,648.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now owns 17,422 shares in the company, valued at $2,088,200.92. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock valued at $11,016,089 in the last ninety days. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Polen Capital Management LLC raised its holdings in Floor & Decor by 59,133.5% in the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after buying an additional 25,141,795 shares during the period. Capital World Investors raised its holdings in Floor & Decor by 5.6% in the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after buying an additional 627,256 shares during the period. FMR LLC raised its holdings in Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock valued at $416,816,000 after buying an additional 531,891 shares during the period. Wellington Management Group LLP raised its holdings in Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock valued at $59,163,000 after buying an additional 531,574 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Floor & Decor by 3,355.8% in the fourth quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock valued at $49,598,000 after buying an additional 431,718 shares during the period.

Floor & Decor Stock Up 2.6 %

Shares of Floor & Decor stock opened at $110.90 on Friday. The company has a market cap of $11.84 billion, a P/E ratio of 48.85, a PEG ratio of 5.28 and a beta of 1.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The firm has a fifty day moving average of $118.98 and a two-hundred day moving average of $105.06.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.07. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. Floor & Decor’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, analysts forecast that Floor & Decor will post 1.92 earnings per share for the current year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.