Floor & Decor Holdings, Inc. (FND) Earns Market Perform Rating from Analysts at BMO Capital Markets

BMO Capital Markets began coverage on shares of Floor & Decor Holdings, Inc. (NYSE:FND) in a research report sent to investors on Thursday, MarketBeat.com reports. The firm issued a market perform rating and a $41.00 price target on the stock.

“Our research supports target of 400 stores U.S. stores and 20% annual store growth, leaving us seeing a 25% five-year EPS growth rate,,” BMO Capital Markets’ analyst commented.

Several other equities research analysts also recently weighed in on FND. UBS AG began coverage on Floor & Decor Holdings in a report on Monday, May 22nd. They set a neutral rating and a $39.00 price objective on the stock. Zacks Investment Research downgraded Floor & Decor Holdings from a buy rating to a hold rating in a report on Friday, August 18th. Credit Suisse Group set a $43.00 price objective on Floor & Decor Holdings and gave the company a buy rating in a report on Sunday, May 28th. Loop Capital began coverage on Floor & Decor Holdings in a report on Friday, August 18th. They set a hold rating and a $35.00 price objective on the stock. Finally, Piper Jaffray Companies began coverage on Floor & Decor Holdings in a report on Monday, May 22nd. They set a neutral rating and a $40.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Floor & Decor Holdings has a consensus rating of Hold and an average target price of $41.07.

Shares of Floor & Decor Holdings (NYSE:FND) opened at 38.70 on Thursday. The stock’s 50 day moving average price is $35.81 and its 200-day moving average price is $37.12. The company has a market cap of $3.64 billion and a P/E ratio of 57.00. Floor & Decor Holdings has a 52-week low of $5.69 and a 52-week high of $46.95.

Floor & Decor Holdings (NYSE:FND) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.20 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. The firm had revenue of $344.00 million for the quarter, compared to analyst estimates of $343.73 million. Floor & Decor Holdings’s revenue for the quarter was up 29.4% on a year-over-year basis. Equities analysts expect that Floor & Decor Holdings will post $0.60 EPS for the current year.

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In related news, major shareholder Corporate Opportunities F. Ares sold 6,772,781 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total transaction of $260,752,068.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Trevor Lang sold 46,200 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $1,778,700.00. Following the transaction, the chief financial officer now directly owns 192,519 shares of the company’s stock, valued at $7,411,981.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,118,047 shares of company stock valued at $274,044,810.

A number of large investors have recently made changes to their positions in FND. Toronto Dominion Bank bought a new position in Floor & Decor Holdings during the 2nd quarter worth $157,000. Public Employees Retirement System of Ohio bought a new position in Floor & Decor Holdings during the 2nd quarter worth $179,000. Balyasny Asset Management LLC bought a new position in Floor & Decor Holdings during the 2nd quarter worth $212,000. Oppenheimer Asset Management Inc. bought a new position in Floor & Decor Holdings during the 2nd quarter worth $216,000. Finally, Neuberger Berman Group LLC bought a new position in Floor & Decor Holdings during the 2nd quarter worth $287,000. 92.78% of the stock is owned by institutional investors and hedge funds.

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).

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

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