Capital Research & Management Co.. recently announced the acquisition of new stake in Floor & Decor Holdings Inc. (NYSE:FND). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.01% to 10.82 million shares with purchase of 1329.0 shares. This fresh investment now brings its stake to 10.55% valued currently at $712.83 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.77 million to 7.82 million shares. And Abdiel Capital Advisors LP has lifted its position by 36.67% or 1.34 million shares – to 4.98 million shares.
With over 1.01 million Floor & Decor Holdings Inc. (FND) shares trading Tuesday and a closing price of $72.62 on the day, the dollar volume was approximately $73.15 million. The shares have shown a positive weekly performance of 3.17% and its price on 08/25/20 lost nearly -0.33%. Currently, there are 102.11M common shares owned by the public and among those 100.36M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 21 analysts who have offered their price forecasts for FND have a consensus price objective of $75.16. The analysts have set the share’s price value over the next 12 months at a high of $85.00 and a low of $60.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Floor & Decor Holdings Inc. stock is 2.00 for the next 12 months. The average price target is 3.78% above its last price level and an upside to the estimated low will see the stock lose -21.03% over that period. But an upside of 14.56% will see the stock hit the forecast high price target while mean target price for the stock is $77.00.
Insiders at the company have transacted a total of 122 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 74 of these insider trades were purchases, accounting for 1,843,927 shares. Insider sales of the common stock occurred on 48 occasions, with total insider shares sold totaling 12,450,102 shares.
The top 3 mutual fund holders in Floor & Decor Holdings Inc. are American Funds Small Cap World Fu, Vanguard Total Stock Market Index, and American Funds Growth Fund of Ame. American Funds Small Cap World Fu owns 4.36 million shares of the company’s stock, all valued at over $287.07 million. Vanguard Total Stock Market Index sold 9683.0 shares to see its total holdings shrink to 2.63 million shares valued at over $173.32 million and representing 2.57% of the shares outstanding. American Funds Growth Fund of Ame now owns shares totaling to 2.46% of the shares outstanding.
Shares of Floor & Decor Holdings Inc. (NYSE: FND) opened at $73.37, up $0.51 from a prior closing price of $72.86. However, the script later closed the day at $72.62, down -0.33%. The company’s stock has a 5-day price change of 3.17% and 34.51% over the past three months. FND shares are trading 42.92% year to date (YTD), with the 12-month market performance up to 52.50% higher. It has a 12-month low price of $24.36 and touched a high of $73.35 over the same period. Currently, 1.01 million shares have been traded, compared to an average intraday trading volume of 1.36 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.93%, 14.46%, and 45.08% respectively.
Institutional ownership of Floor & Decor Holdings Inc. (NYSE: FND) 102.11M shares outstanding. Mutual fund holders own 43.10%, while other institutional holders and individual stakeholders account for 51.00% and 13.88% respectively.
It has a market capitalization of $7.39B and a beta (3y monthly) value of 2.08. The stock’s trailing 12-month PE ratio is 52.62, while the earnings-per-share (ttm) stands at $1.38. The company has a PEG of 2.52 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.63% over the week and 3.02% over the month.
Analysts forecast that Floor & Decor Holdings Inc. (FND) will achieve an EPS of $0.38 for the current quarter, $0.32 for the next quarter and $1.54 for 2021. The lowest estimate earnings-per-share for the quarter is $0.27 while analysts give the company a high EPS estimate of $0.48. Comparatively, EPS for the current quarter was $0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 30.50%, and 32.11% over the next financial year. EPS should shrink at an annualized rate of 20.90% over the next five years, compared to 54.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 21 brokerage firm advisors rate Floor & Decor Holdings Inc. (FND) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 9 of the 21 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the FND, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on August 03, 2020, with the firm’s price target at $59-$77. Telsey Advisory Group coverage for the Floor & Decor Holdings Inc. (FND) stock in a research note released on July 31, 2020 offered a Market Perform rating with a price target of $70. Berenberg was of a view on June 23, 2020 that the stock is Buy, while Telsey Advisory Group gave the stock Market Perform rating on May 01, 2020, issuing a price target of $35- $47. Raymond James on their part issued Outperform rating on April 28, 2020.