Stocks of Floor & Decor Holdings Inc. (NYSE:FND) traded higher last session on Wall Street, down -0.43% to $111.05.
According to the data, Floor & Decor Holdings Inc. (NYSE:FND) has 24 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $133.00 and a low of $82.00, we find $106.00. Given the previous closing price of $111.53, this indicates a potential downside of -4.96 percent. FND stock price is now 8.97% away from the 50-day moving average and 24.37% away from the 200-day moving average. The market capitalization of the company currently stands at $11.44B.
A total of 11 analysts have issued a hold rating and 10 have given it a buy rating. Brokers who have rated the stock have averaged $103.65 as their price target over the next twelve months.
With the price target reduced from $110 to $108, Jefferies Downgraded its rating from Buy to Hold for Floor & Decor Holdings Inc. (NYSE: FND).
In other news, TAYLOR THOMAS V, CHIEF EXECUTIVE OFFICER sold 18,656 shares of the company’s stock on Jul 19. The stock was sold for $2,145,440 at an average price of $115.00. Upon completion of the transaction, the CHIEF EXECUTIVE OFFICER now directly owns 177,891 shares in the company, valued at $19.75 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12, CHIEF EXECUTIVE OFFICER TAYLOR THOMAS V sold 18,656 shares of the business’s stock. A total of $2,052,160 was realized by selling the stock at an average price of $110.00. This leaves the insider owning 196,547 shares of the company worth $21.83 million. Insiders disposed of 177,503 shares of company stock worth roughly $19.71 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 EMPLOYEES RETIREMENT SYSTEM OF TEXAS during the first quarter worth $32,760,000. VONTOBEL ASSET MANAGEMENT INC invested $24,427,000 in shares of FND during the first quarter. In the first quarter, CLEARBRIDGE INVESTMENTS, LLC acquired a new stake in Floor & Decor Holdings Inc. valued at approximately $20,014,000. LONG WALK MANAGEMENT LP acquired a new stake in FND for approximately $17,213,000. PORTSIDE WEALTH GROUP, LLC purchased a new stake in FND valued at around $9,090,000 in the second quarter.
Thursday’s opening bell rang with an opening price of $110.28 for Floor & Decor Holdings Inc. (NYSE: FND). During the past 12 months, Floor & Decor Holdings Inc. has had a low of $63.51 and a high of $116.03. 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 $13.81B, which is based on a 39.76 price-to-earnings ratio, a 2.93 price-to-earnings-growth ratio, and a beta of 1.94. The fifty day moving average price for FND is $102.32 and a two-hundred day moving average price translates $89.51 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.
