Piper Sandler Sticks to Its Hold Rating for Floor & Decor Holdings (FND)

Piper Sandler analyst Peter Keith maintained a Hold rating on Floor & Decor Holdings (FND – Research Report) today and set a price target of $115.00. The company’s shares closed yesterday at $121.61.

Keith covers the Consumer Cyclical sector, focusing on stocks such as Wayfair, Lowe’s, and Floor & Decor Holdings. According to TipRanks, Keith has an average return of 11.2% and a 53.64% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Floor & Decor Holdings with a $113.80 average price target, implying a -6.42% downside from current levels. In a report released on March 28, Stifel Nicolaus also maintained a Hold rating on the stock with a $110.00 price target.

The company has a one-year high of $135.67 and a one-year low of $76.30. Currently, Floor & Decor Holdings has an average volume of 1.45M.

Based on the recent corporate insider activity of 58 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.

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Floor & Decor Holdings (FND) Company Description:

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. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.