Zacks Investment Research lowered shares of Floor & Decor Holdings, Inc. (NYSE:FND) from a buy rating to a hold rating in a research report released on Wednesday, November 1st.
According to Zacks, “Floor & Decor Holdings, Inc. is a multi-channel specialty retailer of hard surface flooring and related accessories which offering a broad in-stock assortment of tile, wood, laminate and natural stone flooring. Floor & Decor Holdings, Inc. is headquartered in Smyrna, Georgia. “
A number of other brokerages have also weighed in on FND. Bank of America Corporation reaffirmed a buy rating and issued a $42.00 price objective on shares of Floor & Decor Holdings in a report on Tuesday, September 5th. BMO Capital Markets initiated coverage on Floor & Decor Holdings in a report on Thursday, September 14th. They issued a market perform rating and a $41.00 price objective on the stock. Piper Jaffray Companies reiterated a hold rating and set a $42.00 price target on shares of Floor & Decor Holdings in a research report on Thursday, October 12th. Telsey Advisory Group lifted their price target on shares of Floor & Decor Holdings from $38.00 to $39.00 and gave the company a market perform rating in a research report on Friday, July 28th. Finally, Loop Capital initiated coverage on shares of Floor & Decor Holdings in a research report on Friday, August 18th. They set a hold rating and a $35.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Floor & Decor Holdings has an average rating of Buy and a consensus price target of $42.93.
Shares of Floor & Decor Holdings (NYSE FND) opened at $39.94 on Wednesday. Floor & Decor Holdings has a twelve month low of $29.37 and a twelve month high of $46.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 0.18.
Floor & Decor Holdings (NYSE:FND) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.03. Floor & Decor Holdings had a return on equity of 26.39% and a net margin of 5.62%. The company had revenue of $343.90 million for the quarter, compared to analyst estimates of $338.62 million. During the same quarter in the previous year, the company earned $0.12 EPS. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. sell-side analysts predict that Floor & Decor Holdings will post 0.66 EPS for the current year.
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In other news, EVP Brian K. Robbins sold 9,600 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $41.20, for a total transaction of $395,520.00. Following the completion of the sale, the executive vice president now directly owns 13,160 shares of the company’s stock, valued at approximately $542,192. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Victor Christopherson sold 32,181 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $41.20, for a total transaction of $1,325,857.20. Following the sale, the senior vice president now directly owns 41,117 shares of the company’s stock, valued at $1,694,020.40. The disclosure for this sale can be found here. Insiders have sold a total of 181,781 shares of company stock valued at $7,341,477 over the last three months.
A number of hedge funds have recently modified their holdings of FND. Ares Management LLC acquired a new position in Floor & Decor Holdings in the 2nd quarter worth $2,049,069,000. FS Capital Partners VI LLC bought a new position in shares of Floor & Decor Holdings in the second quarter valued at approximately $993,798,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in Floor & Decor Holdings during the second quarter valued at approximately $79,390,000. TimesSquare Capital Management LLC lifted its stake in Floor & Decor Holdings by 1,007.3% during the third quarter. TimesSquare Capital Management LLC now owns 1,660,900 shares of the company’s stock valued at $64,659,000 after purchasing an additional 1,510,900 shares during the last quarter. Finally, Vanguard Group Inc. acquired a new stake in Floor & Decor Holdings during the second quarter valued at approximately $32,590,000. Hedge funds and other institutional investors own 89.26% of the company’s stock.
Floor & Decor Holdings Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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