Floor & Decor Holdings Inc. (NYSE:FND) shares traded 4.14% higher at $109.00 on Wall Street last session.
In accordance with the data, 24 analysts cover Floor & Decor Holdings Inc. (NYSE:FND). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $120.00 and a low of $80.00, we find $100.00. Given the previous closing price of $104.67, this indicates a potential downside of -4.46 percent. FND stock price is now 13.89% away from the 50-day moving average and 26.97% away from the 200-day moving average. The market capitalization of the company currently stands at $11.53B.
It has been rated a hold by 10 analysts and a buy by 11. Brokers who have rated the stock have averaged $99.26 as their price target over the next twelve months.
With the price target of $120, Truist recently initiated with Buy rating for Floor & Decor Holdings Inc. (NYSE: FND).
In other news, Christopherson David Victor, EVP AND GENERAL COUNSEL sold 5,804 shares of the company’s stock on Jun 23. The stock was sold for $580,400 at an average price of $100.00. Upon completion of the transaction, the EVP AND GENERAL COUNSEL now directly owns 42,356 shares in the company, valued at $4.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, EVP – BUS. DVLPMT, STRATEGY Robbins Brian K sold 19,504 shares of the business’s stock. A total of $1,790,838 was realized by selling the stock at an average price of $91.82. This leaves the insider owning 23,674 shares of the company worth $2.58 million. Insiders disposed of 128,583 shares of company stock worth roughly $14.02 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FND stock. A new stake in Floor & Decor Holdings Inc. shares was purchased by PELHAM CAPITAL LTD. during the first quarter worth $37,121,000. EMPLOYEES RETIREMENT SYSTEM OF TEXAS invested $32,155,000 in shares of FND during the first quarter. In the first quarter, VONTOBEL ASSET MANAGEMENT INC acquired a new stake in Floor & Decor Holdings Inc. valued at approximately $23,976,000. CLEARBRIDGE INVESTMENTS, LLC acquired a new stake in FND for approximately $19,644,000. SNOWHOOK CAPITAL MANAGEMENT LP purchased a new stake in FND valued at around $7,393,000 in the second quarter. In total, there are 484 active investors with 111.62% ownership of the company’s stock.
Floor & Decor Holdings Inc. (NYSE: FND) opened at $104.91 on Tuesday. During the past 12 months, Floor & Decor Holdings Inc. has had a low of $63.51 and a high of $104.98. As of last week, the company has a debt-to-equity ratio of 0.18, a current ratio of 1.30, and a quick ratio of 0.10. According to the stock market information, the enterprise value for the company is $13.25B, which is based on a 39.03 price-to-earnings ratio, a 2.87 price-to-earnings-growth ratio, and a beta of 1.90. The fifty day moving average price for FND is $95.96 and a two-hundred day moving average price translates $86.02 for the stock.
The latest earnings results from Floor & Decor Holdings Inc. (NYSE: FND) was released for Mar, 2023. According to the Home Improvement Retail Company, earnings per share came in at $0.66, missing analysts’ expectations of $0.67 by -0.01. This compares to $0.66 EPS in the same period last year. The net profit margin was 6.90% and return on equity was 18.50% for FND. The company reported revenue of $1.12 billion for the quarter, compared to $1.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.07 percent. For the current quarter, analysts expect FND to generate $1.15B in revenue.
Floor & Decor Holdings Inc.(FND) Company Profile
Floor & Decor Holdings, Inc. together with its subsidiaries, operates as a multi-channel specialty retailer and commercial flooring distributor 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 sells products through its Website, FloorandDecor.com. The company serves installers, commercial businesses, and other sectors. The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017. Floor & Decor Holdings, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.
