In a report released today, Zachary Fadem from Wells Fargo maintained a Buy rating on Floor & Decor Holdings Inc (FND), with a price target of $54. The company’s shares closed yesterday at $47.37.
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 15.3% and a 71.2% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Advance Auto Parts, and Michaels Companies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Floor & Decor Holdings Inc with a $41.89 average price target.
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Based on Floor & Decor Holdings Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $17.9 million. In comparison, last year the company had a net profit of $31.87 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock.
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Floor & Decor Holdings, Inc. engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls.
