Shares of Floor & Decor Holdings Inc (NYSE:FND) have received an average rating of “Hold” from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $48.47.
Several equities research analysts have recently commented on FND shares. Zacks Investment Research cut shares of Floor & Decor from a “hold” rating to a “sell” rating in a research report on Monday, November 4th. Wedbush reaffirmed an “outperform” rating and set a $53.00 target price (up previously from $45.00) on shares of Floor & Decor in a research note on Monday, November 4th. Piper Jaffray Companies set a $49.00 price target on shares of Floor & Decor and gave the company a “hold” rating in a research report on Tuesday, October 15th. Guggenheim set a $55.00 price target on shares of Floor & Decor and gave the stock a “buy” rating in a research note on Thursday, September 12th. Finally, Loop Capital raised their price objective on shares of Floor & Decor from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, October 14th.
In other news, CMO Lisa Laube sold 80,000 shares of Floor & Decor stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $50.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 111,087 shares in the company, valued at $5,554,350. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Corporate Opportunities F. Ares sold 7,105,728 shares of Floor & Decor stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $43.80, for a total transaction of $311,230,886.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,348,289 shares of company stock valued at $322,778,087. 7.00% of the stock is owned by company insiders.
Shares of Floor & Decor stock traded up $0.84 during midday trading on Tuesday, reaching $48.11. 888,207 shares of the company’s stock traded hands, compared to its average volume of 994,641. The stock has a 50 day moving average of $45.32 and a 200-day moving average of $43.94. Floor & Decor has a 12 month low of $23.30 and a 12 month high of $53.00. The company has a market cap of $4.78 billion, a PE ratio of 49.60, a price-to-earnings-growth ratio of 1.82 and a beta of 1.88. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.32 and a current ratio of 1.31.
Floor & Decor (NYSE:FND) last released its quarterly earnings results on Friday, November 1st. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. The business had revenue of $521.10 million for the quarter, compared to analysts’ expectations of $524.00 million. Floor & Decor had a net margin of 6.81% and a return on equity of 17.58%. The firm’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, equities analysts anticipate that Floor & Decor will post 1.1 earnings per share for the current fiscal year.
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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