Floor & Decor (NYSE:FND) Issues Quarterly Earnings Results

Floor & Decor (NYSE:FND) posted its quarterly earnings data on Thursday. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02, Briefing.com reports. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Floor & Decor updated its FY24 guidance to $1.75-$2.05 EPS.

Floor & Decor Stock Up 0.2 %

Shares of Floor & Decor stock traded up $0.28 during midday trading on Friday, hitting $113.04. The company had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The company has a 50 day moving average of $118.90 and a 200 day moving average of $106.12. The stock has a market capitalization of $12.07 billion, a P/E ratio of 54.61, a P/E/G ratio of 5.46 and a beta of 1.86. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on FND shares. Evercore ISI dropped their target price on shares of Floor & Decor from $120.00 to $115.00 and set an “in-line” rating on the stock in a report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Floor & Decor in a research report on Friday. Piper Sandler boosted their target price on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Sanford C. Bernstein cut Floor & Decor from an “outperform” rating to a “market perform” rating and increased their price target for the company from $100.00 to $115.00 in a research note on Tuesday, January 16th. Finally, The Goldman Sachs Group lifted their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the stock a “neutral” rating in a research report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $108.76.

Insider Activity

In related news, CFO Bryan Langley sold 5,865 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the sale, the chief financial officer now owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the sale, the chief financial officer now directly owns 17,422 shares in the company, valued at $2,088,200.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $123.52, for a total transaction of $636,375.04. Following the sale, the executive vice president now owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders sold 90,867 shares of company stock worth $11,016,089 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

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.