Q3 2024 Earnings Forecast for Floor & Decor Holdings, Inc. (NYSE:FND) Issued By Telsey Advisory Group

Floor & Decor Holdings, Inc. (NYSE:FND) – Stock analysts at Telsey Advisory Group dropped their Q3 2024 earnings per share (EPS) estimates for Floor & Decor in a research note issued on Friday, August 2nd. Telsey Advisory Group analyst J. Feldman now anticipates that the company will post earnings per share of $0.45 for the quarter, down from their prior forecast of $0.52. Telsey Advisory Group currently has a “Market Perform” rating and a $95.00 price target on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.81 per share. Telsey Advisory Group also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.70 EPS, Q2 2025 earnings at $0.66 EPS, Q3 2025 earnings at $0.62 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $2.28 EPS.

Several other research firms have also recently commented on FND. Piper Sandler decreased their price target on Floor & Decor from $115.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. TD Cowen lowered their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. reduced their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Guggenheim lowered their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Wells Fargo & Company dropped their target price on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.15.

Floor & Decor Trading Up 0.2 %

NYSE FND opened at $97.28 on Monday. The stock has a market capitalization of $10.41 billion, a P/E ratio of 47.00, a P/E/G ratio of 10.13 and a beta of 1.74. The firm has a 50-day moving average price of $103.83 and a 200 day moving average price of $111.48. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share.

Insider Activity

In other Floor & Decor news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the transaction, the executive vice president now directly owns 12,911 shares in the company, valued at approximately $1,589,473.21. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Peter Starrett sold 1,569 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the sale, the director now owns 118,620 shares in the company, valued at $14,543,998.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares of the company’s stock, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Insiders have sold 36,778 shares of company stock worth $4,591,591 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors and hedge funds have recently bought and sold shares of FND. Chris Bulman Inc purchased a new stake in shares of Floor & Decor during the 2nd quarter valued at $30,000. Parkside Financial Bank & Trust grew its position in Floor & Decor by 8.6% during the second quarter. Parkside Financial Bank & Trust now owns 2,279 shares of the company’s stock valued at $227,000 after acquiring an additional 181 shares during the period. Arizona State Retirement System increased its stake in Floor & Decor by 2.3% during the second quarter. Arizona State Retirement System now owns 28,460 shares of the company’s stock worth $2,829,000 after acquiring an additional 637 shares during the last quarter. Resonant Capital Advisors LLC raised its holdings in shares of Floor & Decor by 8.0% in the 2nd quarter. Resonant Capital Advisors LLC now owns 5,164 shares of the company’s stock worth $513,000 after purchasing an additional 382 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Floor & Decor by 94.7% in the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after purchasing an additional 173,518 shares in the last quarter.

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.