Floor & Decor (NYSE:FND – Get Rating) will be announcing its earnings results after the market closes on Thursday, November 3rd. Analysts expect Floor & Decor to post earnings of $0.66 per share for the quarter. Floor & Decor has set its FY 2022 guidance at $2.65-$2.80 EPS and its FY22 guidance at $2.65 to $2.80 EPS. Parties interested in registering for the company’s conference call can do so using this link.
Floor & Decor (NYSE:FND – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. Floor & Decor had a net margin of 7.09% and a return on equity of 19.25%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The firm’s revenue was up 26.7% compared to the same quarter last year. On average, analysts expect Floor & Decor to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Floor & Decor Trading Down 1.8 %
NYSE FND opened at $73.27 on Thursday. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 1.03 and a beta of 1.80. The firm’s 50 day moving average price is $77.41 and its two-hundred day moving average price is $76.64. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.14 and a current ratio of 1.26. Floor & Decor has a twelve month low of $59.91 and a twelve month high of $145.89.
Insider Buying and Selling at Floor & Decor
In related news, EVP Steven Alan Denny sold 6,028 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $95.10, for a total transaction of $573,262.80. Following the transaction, the executive vice president now directly owns 4,477 shares of the company’s stock, valued at $425,762.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.
Institutional Investors Weigh In On Floor & Decor
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of Floor & Decor by 0.8% in the first quarter. BlackRock Inc. now owns 6,580,259 shares of the company’s stock valued at $533,001,000 after purchasing an additional 55,279 shares during the last quarter. Wasatch Advisors Inc. raised its stake in shares of Floor & Decor by 0.9% during the first quarter. Wasatch Advisors Inc. now owns 3,306,234 shares of the company’s stock worth $267,805,000 after acquiring an additional 28,689 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Floor & Decor by 7.0% during the 1st quarter. Wellington Management Group LLP now owns 990,567 shares of the company’s stock valued at $80,236,000 after acquiring an additional 64,616 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Floor & Decor by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 644,707 shares of the company’s stock worth $52,239,000 after purchasing an additional 27,784 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Floor & Decor by 3.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 631,584 shares of the company’s stock valued at $51,159,000 after purchasing an additional 19,319 shares during the period.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the company. Citigroup increased their price target on Floor & Decor to $112.00 in a report on Monday, August 15th. UBS Group lowered their target price on Floor & Decor from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, July 25th. Morgan Stanley cut their price target on Floor & Decor from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, August 8th. Piper Sandler downgraded shares of Floor & Decor from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $103.00 to $75.00 in a research note on Friday, July 29th. Finally, William Blair reiterated an “outperform” rating on shares of Floor & Decor in a research note on Thursday, August 11th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.14.
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor 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.
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