Wall Street brokerages expect Floor & Decor Holdings, Inc. (NYSE:FND) to post $691.20 million in sales for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Floor & Decor’s earnings. The highest sales estimate is $707.40 million and the lowest is $664.00 million. Floor & Decor posted sales of $527.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.2%. The business is expected to announce its next quarterly earnings results on Thursday, February 18th.
On average, analysts expect that Floor & Decor will report full-year sales of $2.39 billion for the current year, with estimates ranging from $2.37 billion to $2.41 billion. For the next financial year, analysts expect that the company will post sales of $2.92 billion, with estimates ranging from $2.83 billion to $3.07 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Floor & Decor.
Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.16. Floor & Decor had a return on equity of 16.23% and a net margin of 7.77%. The company had revenue of $684.85 million for the quarter, compared to analyst estimates of $639.31 million. During the same quarter last year, the company earned $0.27 EPS. Floor & Decor’s revenue for the quarter was up 31.4% compared to the same quarter last year.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Floor & Decor from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 4th. Loop Capital boosted their target price on shares of Floor & Decor from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Tuesday, November 3rd. They noted that the move was a valuation call. Wells Fargo & Company lifted their price target on Floor & Decor from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Monday, October 26th. Morgan Stanley increased their price objective on Floor & Decor from $77.00 to $100.00 and gave the company an “equal weight” rating in a report on Wednesday, January 20th. Finally, The Goldman Sachs Group upgraded Floor & Decor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $74.00 to $105.00 in a research note on Thursday, December 10th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Floor & Decor currently has an average rating of “Buy” and a consensus target price of $84.05.
In other Floor & Decor news, EVP Steven Alan Denny sold 5,500 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $76.38, for a total transaction of $420,090.00. Following the completion of the sale, the executive vice president now directly owns 913 shares of the company’s stock, valued at approximately $69,734.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Victor Christopherson sold 7,043 shares of Floor & Decor stock in a transaction that occurred on Wednesday, December 9th. The shares were sold at an average price of $89.90, for a total value of $633,165.70. Following the completion of the transaction, the executive vice president now owns 47,209 shares in the company, valued at $4,244,089.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 187,543 shares of company stock worth $15,530,794. 5.20% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Colony Group LLC purchased a new stake in shares of Floor & Decor in the third quarter valued at about $252,000. Amalgamated Bank increased its position in Floor & Decor by 12.7% during the 3rd quarter. Amalgamated Bank now owns 18,984 shares of the company’s stock worth $1,420,000 after purchasing an additional 2,142 shares during the period. Nuveen Asset Management LLC raised its stake in shares of Floor & Decor by 10.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 262,014 shares of the company’s stock worth $15,106,000 after buying an additional 24,995 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Floor & Decor by 92.4% in the 2nd quarter. Principal Financial Group Inc. now owns 17,629 shares of the company’s stock valued at $1,016,000 after buying an additional 8,465 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in shares of Floor & Decor by 50.8% in the third quarter. Handelsbanken Fonder AB now owns 17,800 shares of the company’s stock valued at $1,331,000 after buying an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.
Shares of FND stock traded down $1.79 during trading hours on Friday, reaching $92.07. 962,491 shares of the stock were exchanged, compared to its average volume of 790,105. The business’s fifty day moving average is $98.01 and its two-hundred day moving average is $80.27. The firm has a market capitalization of $9.58 billion, a P/E ratio of 56.14, a P/E/G ratio of 2.13 and a beta of 1.90. Floor & Decor has a 12-month low of $24.36 and a 12-month high of $108.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.57 and a quick ratio of 0.61.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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