Floor & Decor Holdings, Inc. (NYSE:FND) Receives $83.95 Average Price Target from Analysts

Floor & Decor Holdings, Inc. (NYSE:FND) has been given an average recommendation of “Hold” by the twenty-one brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, fourteen have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $83.95.

FND has been the subject of a number of research analyst reports. Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research report on Sunday, November 9th. Zacks Research upgraded Floor & Decor from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a report on Friday, October 31st. Piper Sandler upgraded Floor & Decor from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $75.00 to $80.00 in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Floor & Decor from $94.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, October 31st.

Insider Activity

In related news, President Bradley Paulsen acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average cost of $60.27 per share, with a total value of $301,350.00. Following the transaction, the president directly owned 30,000 shares of the company’s stock, valued at $1,808,100. This trade represents a 20.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FND. MassMutual Private Wealth & Trust FSB grew its position in shares of Floor & Decor by 5.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,639 shares of the company’s stock worth $200,000 after acquiring an additional 139 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Floor & Decor by 42.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares during the period. MainStreet Investment Advisors LLC grew its position in Floor & Decor by 4.7% during the 2nd quarter. MainStreet Investment Advisors LLC now owns 3,567 shares of the company’s stock worth $271,000 after purchasing an additional 160 shares during the last quarter. Signaturefd LLC increased its stake in Floor & Decor by 9.5% in the second quarter. Signaturefd LLC now owns 1,917 shares of the company’s stock valued at $146,000 after purchasing an additional 166 shares during the period. Finally, AlphaQuest LLC raised its holdings in shares of Floor & Decor by 27.2% in the third quarter. AlphaQuest LLC now owns 805 shares of the company’s stock valued at $59,000 after buying an additional 172 shares during the last quarter.

Floor & Decor Stock Performance

NYSE:FND opened at $61.23 on Thursday. The stock has a 50-day moving average price of $64.98 and a 200 day moving average price of $74.54. The company has a current ratio of 1.27, a quick ratio of 0.34 and a debt-to-equity ratio of 0.08. Floor & Decor has a 12-month low of $55.11 and a 12-month high of $113.19. The stock has a market capitalization of $6.60 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.66 and a beta of 1.75.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Floor & Decor had a net margin of 4.65% and a return on equity of 9.34%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. Floor & Decor has set its FY 2025 guidance at 1.870-1.970 EPS. Equities research analysts forecast that Floor & Decor will post 2 EPS for the current fiscal year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.