Floor & Decor (NYSE:FND) Issues FY24 Earnings Guidance

Floor & Decor (NYSE:FND) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.75-$2.05 for the period, compared to the consensus estimate of $1.90. The company issued revenue guidance of $4.60-$4.77 billion, compared to the consensus revenue estimate of $4.67 billion.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FND shares. Truist Financial raised their price objective on Floor & Decor from $102.00 to $127.00 and gave the company a buy rating in a research note on Tuesday, February 20th. Sanford C. Bernstein cut Floor & Decor from an outperform rating to a market perform rating and lifted their price target for the stock from $100.00 to $115.00 in a research note on Tuesday, January 16th. Piper Sandler raised their target price on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a neutral rating in a report on Tuesday, April 9th. Mizuho lowered their price target on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a report on Friday. Finally, Stifel Nicolaus cut their price target on shares of Floor & Decor from $115.00 to $110.00 and set a hold rating on the stock in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of $108.76.

Floor & Decor Stock Up 0.2 %

Floor & Decor stock traded up $0.28 on Friday, hitting $113.04. 2,307,069 shares of the stock traded hands, compared to its average volume of 1,240,906. The business’s fifty day simple moving average is $118.90 and its 200 day simple moving average is $106.27. The firm has a market cap of $12.07 billion, a P/E ratio of 54.61, a price-to-earnings-growth ratio of 5.48 and a beta of 1.86. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.66 earnings per share. Floor & Decor’s quarterly revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Floor & Decor will post 1.9 earnings per share for the current year.

Insider Buying and Selling

In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the sale, the president now directly owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Floor & Decor news, EVP Steven Alan Denny sold 5,152 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the transaction, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 in the last 90 days. Insiders own 2.10% of the company’s stock.

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.