Floor & Decor Holdings, Inc. (NYSE:FND) could be one of the best stocks that investors may want to consider for their portfolio today as the company shares are trading 3.46% or 1.32 points up from last closing price of $38.17, reaching $39.49 at last check. Any clue why there is so much of action in the FND stock? The share price is gaining for the third day in a row and has risen in 4 of the last 5 days and is down -0.73% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 171,625 shares, and in total 999225 shares valued at $39.459 million were seen changing hands compared with 827600 shares valued at $31.589 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the FND stock.
Floor & Decor Holdings, Inc. (FND) shares have notched a 3-month decline of about -0.73%, but has still advanced 47.37% year to date. By comparison, the stock sank -30.31% over the past 12 months, while it slipped -6.95% over the 1 month. The company’s market cap is around $3.76B, with its short interest ratio standing at 7.09%.
In the current trading session for FND, the stock witnessed two major price actions, it rose to a high of $39.71 and was down as much as $37.83 at one point. The high recorded is very low when compared to their 52-week high which is $23.3. The 52-week high is now at -29.12 distance from current price. Their recent low of $55.86 represents a 69.97% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for FND is $46.84, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Floor & Decor Holdings, Inc. earned $1.09 per share in the trailing 12 months and has a P/E ratio of 36.23. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 27.22 and higher compared to the sector’s average of 19.34. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. FND also has P/S multiple of 2.19. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 6.5x.
The company recorded an interesting insider sale transaction by the Director on May 08, 2019. A Securities and Exchanges Commission filings show that George Vincent West sold a total of 564,871 FND shares that day for a sum of around $24,114,343. The filings show that the insider now retains 150,000 shares, currently worth $5,923,500. Floor & Decor Holdings, Inc. (FND) insiders have acquired 24,207 shares in the stock within the past three months. The total insider sales reported to the SEC in that time frame amounted to 754,722 shares. In total, individual insiders traded 778,929 shares in the business, which makes up 3.407% of 22,860,263 shares that were traded over a year. In the past 12 months, insiders have purchased 36,972 shares while the seller parted with 22,823,291 shares.
FND‘s last price was up 12.98% as compared to the average trading price of 50 days recorded at $34.95 while enlarging the period to 200 trading days, the average closing price was $41.96. At present, there are 98.62 million in the total number of common shares owned by the public and among those 85.85 million shares have been available to trade. The percentage of shares being held by the company management was 0.3% while institutions stake was 0%. The company has generated positive returns on equity over the last 12 months (20%). It managed to keep its gross profit margin at 41.4% over the past 12 months.
When assessing the full upside of the FND stock, there is another set of technicals that should be looked into and considered. Its 4.87% gain from moving average of $37.66 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Floor & Decor Holdings, Inc. — 8 analysts rate the stock as a buy with another 0 rating it strong buy. There are 10 analysts who maintain a hold rating for the stock, with 1 giving it a sell rating. Analysts arrived at a 12-month price target of $42.4761 on shares of Floor & Decor Holdings, Inc. (NYSE:FND), which corresponds to 7.32% upside potential than its current market price of $39.49 and implies potential despite the recent advance in the price. However, their current target price has fallen from $42.4761 a month ago and is up handily from the consensus target of $41.0035 a quarter ago.
In the last five years, the EPS of the company has been roughly 55.8%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 22.76%. The revenue of the company has risen at an average annualized rate of about 31.1 over the last five years. The company recently recorded an increase of 18.4%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards FND stock. Marshall Wace North America L.P. added position in the company after it grew 13.3% or 120,598 shares of its common stock. The hedge fund now owns 136,637 shares worth $5,395,795, SEC documents show. Gilder Gagnon Howe & Co. LLC cut assets in the stock as 1290257 shares have been sold, reducing its stake by -52.9% to 607,711 shares which are currently valued at $23,998,507. In addition, Metropolitan Life Insurance Co NY recently reported that it now owns 4,395 shares making a total of $173,559 based on the recent price. This refelects a change of 13.4% in their ownership.