Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating) – Stock analysts at Wedbush dropped their Q4 2022 earnings estimates for shares of Floor & Decor in a research note issued on Friday, November 4th. Wedbush analyst S. Basham now expects that the company will post earnings of $0.60 per share for the quarter, down from their prior forecast of $0.67. The consensus estimate for Floor & Decor’s current full-year earnings is $2.69 per share. Wedbush also issued estimates for Floor & Decor’s Q1 2023 earnings at $0.73 EPS, Q2 2023 earnings at $0.82 EPS, Q3 2023 earnings at $0.73 EPS and Q4 2023 earnings at $0.68 EPS.
Several other brokerages have also issued reports on FND. Telsey Advisory Group cut their target price on shares of Floor & Decor from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, October 31st. William Blair reiterated an “outperform” rating on shares of Floor & Decor in a research report on Thursday, August 11th. Citigroup cut their target price on shares of Floor & Decor from $112.00 to $89.00 in a research report on Monday, October 31st. Robert W. Baird cut their target price on shares of Floor & Decor from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Piper Sandler lowered their price target on shares of Floor & Decor from $80.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.86.
Floor & Decor Stock Up 2.7 %
FND opened at $69.50 on Monday. The company has a fifty day moving average price of $74.30 and a 200-day moving average price of $75.91. The firm has a market capitalization of $7.37 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.04 and a beta of 1.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.14. Floor & Decor has a one year low of $59.91 and a one year high of $138.80.
Floor & Decor (NYSE:FND – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Floor & Decor had a net margin of 6.75% and a return on equity of 19.56%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS.
Institutional Investors Weigh In On Floor & Decor
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FND. AE Wealth Management LLC purchased a new stake in Floor & Decor in the first quarter worth $234,000. Kestra Advisory Services LLC grew its stake in shares of Floor & Decor by 43.5% in the first quarter. Kestra Advisory Services LLC now owns 5,222 shares of the company’s stock worth $423,000 after acquiring an additional 1,584 shares during the last quarter. Machina Capital SAS purchased a new stake in shares of Floor & Decor in the first quarter worth $203,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Floor & Decor in the first quarter worth $794,000. Finally, Comerica Bank grew its stake in shares of Floor & Decor by 26.4% in the first quarter. Comerica Bank now owns 4,888 shares of the company’s stock worth $426,000 after acquiring an additional 1,022 shares during the last quarter.
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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