Floor & Decor Holdings, Inc. Expected to Post Q3 2024 Earnings of $0.53 Per Share (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) – Analysts at William Blair cut their Q3 2024 EPS estimates for Floor & Decor in a research report issued on Tuesday, July 30th. William Blair analyst P. Blee now forecasts that the company will earn $0.53 per share for the quarter, down from their previous forecast of $0.59. The consensus estimate for Floor & Decor’s current full-year earnings is $1.82 per share. William Blair also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.25 EPS and FY2024 earnings at $1.75 EPS.

Other equities analysts have also recently issued reports about the company. Wedbush reduced their price target on Floor & Decor from $125.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Mizuho decreased their price target on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Evercore ISI cut their price objective on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Truist Financial decreased their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Telsey Advisory Group cut their price target on shares of Floor & Decor from $110.00 to $100.00 and set a “market perform” rating for the company in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $105.76.

Floor & Decor Trading Down 3.9 %

Shares of FND stock opened at $94.15 on Wednesday. The stock has a market capitalization of $10.07 billion, a price-to-earnings ratio of 45.48, a PEG ratio of 10.25 and a beta of 1.73. The company’s fifty day simple moving average is $105.18 and its two-hundred day simple moving average is $111.67. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company posted $0.66 EPS. Floor & Decor’s revenue was down 2.2% compared to the same quarter last year.

Insiders Place Their Bets

In other news, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the transaction, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Floor & Decor news, Director Peter Starrett sold 1,569 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $122.61, for a total transaction of $192,375.09. Following the completion of the sale, the director now owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the completion of the sale, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock valued at $5,182,791 over the last three months. Insiders own 2.10% of the company’s stock.

Institutional Trading of Floor & Decor

Institutional investors have recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in Floor & Decor during the 4th quarter valued at approximately $4,161,000. Wellington Management Group LLP raised its holdings in shares of Floor & Decor by 40.6% during the fourth quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after acquiring an additional 265,622 shares in the last quarter. Duality Advisers LP purchased a new stake in Floor & Decor in the first quarter worth $4,238,000. Yousif Capital Management LLC bought a new stake in Floor & Decor in the fourth quarter valued at $5,614,000. Finally, Dimensional Fund Advisors LP increased its position in Floor & Decor by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after purchasing an additional 79,210 shares during the period.

About Floor & Decor

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.