While Floor & Decor Holdings Inc has underperformed by -1.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FND rose by 21.06%, with highs and lows ranging from $135.67 to $76.30, whereas the simple moving average jumped by 16.47% in the last 200 days.
On March 19, 2024, Mizuho started tracking Floor & Decor Holdings Inc (NYSE: FND) recommending Neutral. A report published by UBS on March 05, 2024, Downgraded its rating to ‘Neutral’ for FND. Telsey Advisory Group also reiterated FND shares as ‘Market Perform’, quoting a target price of $110 on the company’s shares in a report dated February 23, 2024. Telsey Advisory Group Reiterated the rating as Market Perform on February 16, 2024, but set its price target from $85 to $95. Bernstein January 16, 2024d its ‘Outperform’ rating to ‘Mkt Perform’ for FND, as published in its report on January 16, 2024. Wells Fargo’s report from January 04, 2024 suggests a price prediction of $105 for FND shares, giving the stock a ‘Equal Weight’ rating. Stifel also rated the stock as ‘Hold’.
Analysis of Floor & Decor Holdings Inc (FND)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Floor & Decor Holdings Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 13.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.18, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and FND is recording an average volume of 1.45M. On a monthly basis, the volatility of the stock is set at 3.19%, whereas on a weekly basis, it is put at 2.55%, with a loss of -7.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $112.56, showing decline from the present price of $119.40, which can serve as yet another indication of whether FND is worth investing in or should be passed over.
How Do You Analyze Floor & Decor Holdings Inc Shares?
Floor & Decor Holdings Inc (FND) is based in the USA and is one of the most prominent companies operating in the Home Improvement Retail market. When comparing Floor & Decor Holdings Inc shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 52.35, there is a growth in quarterly earnings of -46.71%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 117.81% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FND shares are owned by institutional investors to the tune of 117.81% at present.
