After A 50% Rally Can Floor and Decor Stock See Further Gains?
- Date: 30-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
After A 50% Rally Can Floor and Decor Stock See Further Gains?
BRAZIL - 2020/09/25: In this photo illustration the Floor and Decor Holdings logo seen displayed on ... [+] a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images
Floor & Decor Holdings' stock (NYSE: FND), a specialty retailer of hard surface flooring, is up 53% to around $78 levels year-to-date, compared to a 5% growth for the broader S&P 500. While Floor and Decor has outperformed the broader markets, we believe that the stock looks appropriately valued at the current price for the near term. Floor & Decor revenues have grown 2% to a consolidated figure of over $1 billion for the last 2 quarters from the consolidated figure of $997 million a year ago. But less competition
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