Fintel reports that on July 31, 2023, Telsey Advisory Group reiterated coverage of Floor & Decor Holdings Inc - (NYSE:FND) with a Market Perform recommendation.
Analyst Price Forecast Suggests 11.34% Downside
As of July 6, 2023, the average one-year price target for Floor & Decor Holdings Inc - is 101.03. The forecasts range from a low of 80.80 to a high of $126.00. The average price target represents a decrease of 11.34% from its latest reported closing price of 113.95.
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The projected annual revenue for Floor & Decor Holdings Inc - is 4,989MM, an increase of 14.48%. The projected annual non-GAAP EPS is 3.13.
What is the Fund Sentiment?
There are 830 funds or institutions reporting positions in Floor & Decor Holdings Inc -. This is an increase of 27 owner(s) or 3.36% in the last quarter. Average portfolio weight of all funds dedicated to FND is 0.54%, an increase of 18.02%. Total shares owned by institutions decreased in the last three months by 0.50% to 144,875K shares. 
The put/call ratio of FND is 3.47, indicating a bearish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 11,872K shares representing 11.17% ownership of the company. In it's prior filing, the firm reported owning 12,227K shares, representing a decrease of 2.99%. The firm increased its portfolio allocation in FND by 27.46% over the last quarter.
Capital World Investors holds 11,766K shares representing 11.07% ownership of the company. In it's prior filing, the firm reported owning 12,835K shares, representing a decrease of 9.08%. The firm increased its portfolio allocation in FND by 25.39% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 5,718K shares representing 5.38% ownership of the company. In it's prior filing, the firm reported owning 5,922K shares, representing a decrease of 3.56%. The firm increased its portfolio allocation in FND by 28.72% over the last quarter.
AGTHX - GROWTH FUND OF AMERICA holds 5,338K shares representing 5.02% ownership of the company. In it's prior filing, the firm reported owning 5,623K shares, representing a decrease of 5.34%. The firm decreased its portfolio allocation in FND by 10.37% over the last quarter.
Berkshire Hathaway holds 4,780K shares representing 4.50% ownership of the company. No change in the last quarter.
Floor & Decor Holdings Background Information
(This description is provided by the company.)
Floor & Decor is a multi-channel specialty retailer operating 128 warehouse-format stores and two design centers across 30 states at the end of the third quarter of fiscal 2020. The Company offers a broad assortment of in-stock hard-surface flooring, including tile, wood, laminate/luxury vinyl plank, and natural stone along with decorative and installation accessories, at everyday low prices. The Company was founded in 2000 and is headquartered in Atlanta, Georgia.
Additional reading:
- AMENDMENT NO. 1 TO THE FLOOR & DECOR HOLDINGS, INC. 2017 STOCK INCENTIVE PLAN
- Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2023 Financial Results Net sales of $1,122.1 million increased 9.1% from the first quarter of fiscal 2022 Comparable store sales decreased 3.3% Diluted earnings per share of $0.66 was flat c
- Form of Non-CEO Performance Restricted Stock Unit Agreement under the Floor & Decor Holdings, Inc. 2017 Stock Incentive Plan
- Form of CEO Performance Restricted Stock Unit Agreement under the Floor & Decor Holdings, Inc. 2017 Stock Incentive Plan
- Form of Non-CEO 2023 Special Performance and Service Restricted Stock Unit Agreement under the Floor & Decor Holdings, Inc. 2017 Stock Incentive Plan
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
