Floor & Decor Holdings, Inc. (NYSE:FND – Free Report) has received an average recommendation of “Hold” from the twenty ratings agencies that currently cover the company, MarketBeat.com reports. Two equities analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, and five have issued a buy recommendation. The average 12-month price target among analysts that have published a report on the stock in the last year is $104.37.

FND has been the subject of several research reports lately. Guggenheim lowered their price target on Floor & Decor from $130.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Citigroup lowered their price target on Floor & Decor from $109.00 to $104.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Mizuho lowered their price target on Floor & Decor from $115.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. UBS Group lowered their price target on Floor & Decor from $135.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Floor & Decor from $99.00 to $92.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd.

Check out our latest report on FND

Insider activity

In other news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock on Wednesday, June 12. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the CEO now owns 168,386 shares of the company’s stock, valued at $21,048,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC’s website. 2.10% of the shares are owned by company insiders.

Hedge funds comment on Floor & Decor

Several institutional investors and hedge funds have recently made changes to their positions in FND. Riverview Trust Co acquired a new position in shares of Floor & Decor in the first quarter valued at around $26,000. Chris Bulman Inc acquired a new position in shares of Floor & Decor in the second quarter valued at around $30,000. Rise Advisors LLC acquired a new position in shares of Floor & Decor in the first quarter valued at around $39,000. J.Safra Asset Management Corp increased its holdings in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in Floor & Decor by 97.1% in the first quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after acquiring an additional 167 shares in the last quarter.

Performance of Floor & Decor shares

Floor & Decor shares opened at $106.50 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The company has a 50-day moving average of $100.57 and a 200-day moving average of $111.21. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market cap of $11.40 billion, a P/E ratio of 51.45, a PEG ratio of 10.13 and a beta of 1.74.

Floor & Decor (NYSE:FND – Get Free Report) last announced its quarterly results on Thursday, August 1. The company reported earnings per share (EPS) of $0.52 for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion for the quarter, compared to analyst expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The company’s revenue for the quarter decreased 0.2% year-over-year. During the same period last year, the company generated earnings per share of $0.66. Sell-side analysts forecast that Floor & Decor will report earnings per share of $1.81 for the current fiscal year.

Floor & Decor Company Profile

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Floor & Decor Holdings, Inc., together with its subsidiaries, is a multi-channel hard flooring specialty retailer and accessory retailer and seller of commercial flooring in Georgia. The company offers tile, wood, laminate, vinyl and natural stone flooring products, as well as decorative accessories, wall tiles and installation materials and tools. It also offers vanities, shower doors, bathroom accessories, faucets, sinks, custom countertops, bathroom mirrors and bathroom lighting.

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