Piper Jaffray Companies Initiates Coverage on Floor & Decor Holdings, Inc. (FND)

Piper Jaffray Companies assumed coverage on shares of Floor & Decor Holdings, Inc. (NYSE:FND) in a research report issued to clients and investors on Monday, May 22nd, MarketBeat.com reports. The brokerage set a “neutral” rating and a $40.00 price target on the stock. Piper Jaffray Companies’ price objective would indicate a potential downside of 1.04% from the company’s current price.

Several other equities research analysts have also recently weighed in on FND. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They issued a “neutral” rating and a $25.00 price objective for the company. Barclays PLC assumed coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They issued an “overweight” rating and a $50.00 price objective for the company. Finally, BTIG Research restated a “buy” rating and issued a $42.00 price objective on shares of Floor & Decor Holdings in a research report on Wednesday, May 10th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.11.

Analyst Recommendations for Floor & Decor Holdings (NYSE:FND)

Shares of Floor & Decor Holdings (FND) traded down 0.20% during midday trading on Monday, reaching $40.42. 956,666 shares of the company were exchanged. Floor & Decor Holdings has a 52-week low of $29.37 and a 52-week high of $43.10. The stock has a market capitalization of $3.38 billion and a price-to-earnings ratio of 75.41. The company’s 50-day moving average price is $38.05 and its 200 day moving average price is $37.89.

Floor & Decor Holdings (NYSE:FND) last posted its quarterly earnings data on Thursday, May 25th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $307.30 million during the quarter, compared to analyst estimates of $306.16 million. The business’s revenue was up 30.6% on a year-over-year basis. On average, equities analysts predict that Floor & Decor Holdings will post $0.57 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Piper Jaffray Companies Initiates Coverage on Floor & Decor Holdings, Inc. (FND)” was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.chaffeybreeze.com/2017/06/16/floor-decor-holdings-inc-fnd-research-coverage-started-at-piper-jaffray-companies-updated-updated.html.

In other news, SVP David Victor Christopherson acquired 2,500 shares of Floor & Decor Holdings stock in a transaction that occurred on Tuesday, May 2nd. The shares were acquired at an average price of $21.00 per share, with a total value of $52,500.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian K. Robbins acquired 3,560 shares of Floor & Decor Holdings stock in a transaction that occurred on Tuesday, May 2nd. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $74,760.00. Following the purchase, the executive vice president now directly owns 3,560 shares in the company, valued at $74,760. The disclosure for this purchase can be found here.

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).

Receive News & Ratings for Floor & Decor Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Floor & Decor Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply