Wells Fargo Maintains Their Buy Rating on Floor & Decor Holdings Inc (FND)

By Jason Carr

Wells Fargo analyst Zachary Fadem maintained a Buy rating on Floor & Decor Holdings Inc (FNDResearch Report) today and set a price target of $50.00. The company’s shares closed last Monday at $44.80.

According to TipRanks.com, Fadem is a 5-star analyst with an average return of 12.7% and a 69.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, 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 $49.67.

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Floor & Decor Holdings Inc’s market cap is currently $4.46B and has a P/E ratio of 39.41. The company has a Price to Book ratio of 6.62.

Based on the recent corporate insider activity of 38 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.