Floor & Decor (NYSE:FND) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Floor & Decor (NYSE:FND) from a sell rating to a hold rating in a report released on Monday morning, Zacks.com reports.

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. “

A number of other equities analysts also recently weighed in on the company. Loop Capital initiated coverage on Regis in a research note on Friday, April 5th. They issued a buy rating and a $25.00 target price on the stock. Stephens restated a buy rating and issued a $34.00 target price on shares of Guaranty Bancshares in a research note on Tuesday, April 23rd. Wedbush restated an outperform rating on shares of Alphabet in a research note on Thursday, April 25th. Goldman Sachs Group upgraded Altria Group from a neutral rating to a buy rating and set a $59.00 target price on the stock in a research note on Thursday, July 11th. Finally, Telsey Advisory Group set a $125.00 target price on Expedia Group and gave the stock a hold rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $43.18.

Shares of NYSE FND opened at $41.63 on Monday. Floor & Decor has a twelve month low of $23.30 and a twelve month high of $50.91. The business has a 50 day simple moving average of $39.92. The stock has a market cap of $4.14 billion, a P/E ratio of 42.13, a PEG ratio of 1.61 and a beta of 2.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.32 and a quick ratio of 0.23.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, May 2nd. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Floor & Decor had a return on equity of 18.19% and a net margin of 6.45%. The firm had revenue of $477.05 million for the quarter, compared to the consensus estimate of $480.17 million. During the same quarter in the previous year, the business earned $0.26 EPS. The company’s revenue was up 18.4% compared to the same quarter last year. Research analysts expect that Floor & Decor will post 1.1 earnings per share for the current fiscal year.

In other Floor & Decor news, EVP Brian K. Robbins sold 55,101 shares of the business’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $40.96, for a total transaction of $2,256,936.96. Following the sale, the executive vice president now owns 8,387 shares of the company’s stock, valued at approximately $343,531.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Trevor Lang sold 40,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $38.88, for a total transaction of $1,555,200.00. Following the sale, the chief financial officer now directly owns 178,669 shares in the company, valued at approximately $6,946,650.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,389,404 shares of company stock worth $59,624,277. 7.00% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of FND. Zions Bancorporation N.A. bought a new stake in Floor & Decor during the 1st quarter valued at $32,000. Captrust Financial Advisors raised its holdings in Floor & Decor by 99.4% during the 4th quarter. Captrust Financial Advisors now owns 1,715 shares of the company’s stock valued at $44,000 after acquiring an additional 855 shares during the period. Stephens Inc. AR bought a new stake in Floor & Decor during the 1st quarter valued at $86,000. Neuburgh Advisers LLC bought a new stake in Floor & Decor during the 4th quarter valued at $121,000. Finally, Citigroup Inc. raised its holdings in Floor & Decor by 38.5% during the 4th quarter. Citigroup Inc. now owns 4,901 shares of the company’s stock valued at $127,000 after acquiring an additional 1,363 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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