Floor & Decor (FND) Earns Accumulate Rating from Analysts at Gordon Haskett

Stock analysts at Gordon Haskett started coverage on shares of Floor & Decor (NYSE:FND) in a research report issued to clients and investors on Thursday. The firm set an “accumulate” rating and a $50.00 price target on the stock. Gordon Haskett’s target price indicates a potential upside of 10.33% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets raised their target price on Floor & Decor from $41.00 to $45.00 and gave the stock a “market perform” rating in a research report on Monday, November 6th. Piper Jaffray Companies restated a “hold” rating and set a $50.00 target price on shares of Floor & Decor in a research report on Tuesday, January 9th. Wells Fargo & Co restated a “hold” rating and set a $42.00 target price on shares of Floor & Decor in a research report on Thursday, November 2nd. Stifel Nicolaus began coverage on Floor & Decor in a research report on Wednesday, December 13th. They set a “buy” rating and a $51.00 target price for the company. Finally, Jefferies Group raised their target price on Floor & Decor from $38.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Floor & Decor currently has an average rating of “Buy” and a consensus price target of $45.41.

Floor & Decor (NYSE FND) traded up $0.25 during trading on Thursday, hitting $45.32. The company had a trading volume of 36,529 shares, compared to its average volume of 694,637. The company has a quick ratio of 0.18, a current ratio of 1.33 and a debt-to-equity ratio of 0.47. Floor & Decor has a 1-year low of $29.37 and a 1-year high of $51.48.

In other Floor & Decor news, CEO Thomas V. Taylor sold 155,392 shares of Floor & Decor stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $45.71, for a total value of $7,102,968.32. Following the completion of the transaction, the chief executive officer now owns 24,726 shares in the company, valued at approximately $1,130,225.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Corporate Opportunities F. Ares sold 4,853,847 shares of Floor & Decor stock in a transaction on Monday, November 20th. The shares were sold at an average price of $34.92, for a total value of $169,496,337.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,590,287 shares of company stock valued at $200,785,848.

Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. bought a new stake in shares of Floor & Decor during the second quarter worth $3,285,000. State Street Corp bought a new stake in shares of Floor & Decor during the second quarter worth $3,480,000. Engineers Gate Manager LP bought a new stake in shares of Floor & Decor during the third quarter worth $1,564,000. FMR LLC bought a new stake in shares of Floor & Decor during the second quarter worth $25,899,000. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of Floor & Decor during the second quarter worth $1,016,000. Institutional investors own 91.51% of the company’s stock.

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About Floor & Decor

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 (NYSE:FND)

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