Morgan Stanley Sticks to Their Hold Rating for Floor & Decor Holdings Inc (FND)


In a report released today, Simeon Gutman from Morgan Stanley maintained a Hold rating on Floor & Decor Holdings Inc (FND), with a price target of $41. The company’s shares closed last Monday at $48.60, close to its 52-week high of $48.72.

According to TipRanks.com, Gutman is a 2-star analyst with an average return of 0.0% and a 50.0% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Advance Auto Parts, and Michaels Companies.

Currently, the analyst consensus on Floor & Decor Holdings Inc is a Moderate Buy with an average price target of $46.

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The company has a one-year high of $48.72 and a one-year low of $23.30. Currently, Floor & Decor Holdings Inc has an average volume of 1.15M.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FND in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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