Brokerages Set Floor & Decor Holdings, Inc. (NYSE:FND) PT at $83.25

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $83.25.

A number of equities analysts have recently issued reports on the stock. Evercore ISI reduced their target price on shares of Floor & Decor from $75.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. UBS Group reduced their price objective on Floor & Decor from $80.00 to $74.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Wall Street Zen cut Floor & Decor from a “hold” rating to a “sell” rating in a research note on Sunday, November 9th. TD Cowen dropped their target price on Floor & Decor from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Floor & Decor in a report on Friday, October 31st.

Insider Buying and Selling at Floor & Decor

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

Institutional Trading of Floor & Decor

A number of large investors have recently bought and sold shares of FND. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 152 shares during the last quarter. Vident Advisory LLC bought a new stake in shares of Floor & Decor in the first quarter worth $212,000. AQR Capital Management LLC acquired a new position in Floor & Decor during the first quarter worth $22,226,000. Petrus Trust Company LTA bought a new position in Floor & Decor in the first quarter valued at $340,000. Finally, Untitled Investments LP grew its position in Floor & Decor by 2.4% in the first quarter. Untitled Investments LP now owns 248,755 shares of the company’s stock valued at $20,017,000 after purchasing an additional 5,940 shares in the last quarter.

Floor & Decor Price Performance

Floor & Decor stock opened at $64.69 on Monday. The business’s fifty day moving average is $62.00 and its two-hundred day moving average is $73.16. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.34 and a current ratio of 1.27. The firm has a market cap of $6.97 billion, a P/E ratio of 32.35, a P/E/G ratio of 2.57 and a beta of 1.73. Floor & Decor has a 52 week low of $55.11 and a 52 week high of $108.76.

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

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.