Floor & Decor Holdings, Inc. (NYSE:FND) Receives $88.63 Average Price Target from Brokerages

Floor & Decor Holdings, Inc. (NYSE:FND) has been assigned an average rating of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $88.6250.

FND has been the subject of several recent research reports. Wall Street Zen lowered shares of Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Morgan Stanley lowered their target price on shares of Floor & Decor from $105.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Evercore ISI lowered their target price on shares of Floor & Decor from $90.00 to $85.00 and set an “in-line” rating for the company in a research note on Tuesday, September 23rd. Piper Sandler lowered their target price on shares of Floor & Decor from $80.00 to $78.00 and set a “neutral” rating for the company in a research note on Friday, August 1st. Finally, Guggenheim lowered their target price on shares of Floor & Decor from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, August 1st.

Floor & Decor Stock Up 0.0%

Shares of NYSE:FND opened at $73.69 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $81.84 and a 200 day simple moving average of $78.25. The firm has a market cap of $7.94 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 3.16 and a beta of 1.70. Floor & Decor has a 12-month low of $66.01 and a 12-month high of $122.90.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. Floor & Decor had a net margin of 4.59% and a return on equity of 9.36%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. On average, equities research analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently modified their holdings of the company. Aaron Wealth Advisors LLC bought a new position in shares of Floor & Decor during the third quarter worth about $273,000. GAMMA Investing LLC lifted its holdings in Floor & Decor by 36.4% in the third quarter. GAMMA Investing LLC now owns 3,268 shares of the company’s stock worth $241,000 after purchasing an additional 872 shares during the period. Texas Permanent School Fund Corp lifted its holdings in Floor & Decor by 1.7% in the second quarter. Texas Permanent School Fund Corp now owns 46,144 shares of the company’s stock worth $3,505,000 after purchasing an additional 754 shares during the period. Osaic Holdings Inc. lifted its holdings in Floor & Decor by 68.4% in the second quarter. Osaic Holdings Inc. now owns 1,852 shares of the company’s stock worth $142,000 after purchasing an additional 752 shares during the period. Finally, Centaurus Financial Inc. lifted its holdings in Floor & Decor by 10.2% in the second quarter. Centaurus Financial Inc. now owns 167,994 shares of the company’s stock worth $12,761,000 after purchasing an additional 15,559 shares during the period.

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.