Technical Analysis for today's market share: Floor & Decor Holdings, Inc. (NYSE: FND)

Cornelia Mascio
Gennaio 23, 2018

Floor & Decor Holdings Inc (NYSE:FND) CEO Thomas V. Taylor sold 155,392 shares of Floor & Decor stock in a transaction on Wednesday, December 27th. The current price is seen ranging between $49.14 and $50.5106. Piper Jaffray Companies' price target would indicate a potential downside of 1.96% from the company's previous close.

A number of research firms have commented on FND. JPMorgan Chase & Co. began coverage on Floor & Decor in a research report on Monday, October 16th. Floor & Decor now has an average rating of "Buy" and a consensus target price of $45.13. Zacks Investment Research lowered shares of Floor & Decor Holdings from a "buy" rating to a "hold" rating in a research note on Tuesday. They issued an "overweight" rating and a $46.00 target price on the stock. Finally, BMO Capital Markets increased their price target on shares of Floor & Decor to $54.00 and gave the stock a "market perform" rating in a report on Tuesday, January 9th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of "Buy" and an average target price of $45.13.

Shares of Floor & Decor Holdings Inc (NYSE:FND) opened at $51.00 on Friday. The firm has a market cap of $4,800.00 and a P/E ratio of 69.19. Floor & Decor has a one year low of $29.37 and a one year high of $51.38.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, November 2nd. The company reported $0.20 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.20. The company had revenue of $343.90 million for the quarter, compared to analysts' expectations of $338.62 million. Floor & Decor had a net margin of 5.62% and a return on equity of 26.39%. During the same quarter a year ago, the company posted $0.12 earnings per share. Floor & Decor Holdings, Inc. earnings have risen with an annualized rate of 41.9% over the last 5 years. The firm earned "Market Perform" rating on Friday, July 28 by Telsey Advisory Group. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

In other news, EVP Brian K. Robbins purchased 3,560 shares of the business's stock in a transaction on Tuesday, May 2nd. The firm has a 50 day moving average price of $38.16 and a 200 day moving average price of $37.81. Institutional investors own 93.49% of the company's stock. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

The P/E ratio of 70.05 for Floor & Decor Holdings, Inc., FND, provides an insight into the measurement sticks, which compares the company's valuations. Rhumbline Advisers bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $388,000. Finally, Balyasny Asset Management LLC acquired a new position in Floor & Decor during the 2nd quarter worth $212,000. Public Employees Retirement System of OH now owns 9,477 shares of the company's stock worth $369,000 after acquiring an additional 4,927 shares in the last quarter.

Insider Trading Activity for Floor & Decor Holdings, Inc. Principal Financial Group Inc. bought a new stake in Floor & Decor during the 3rd quarter valued at $208,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $1,016,000.

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Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The companyÂ's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories.

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