FY2024 Earnings Forecast for Floor & Decor Issued By Wedbush

Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) - Analysts at Wedbush raised their FY2024 earnings estimates for Floor & Decor in a note issued to investors on Friday, February 14th. Wedbush analyst S. Basham now expects that the company will post earnings of $1.72 per share for the year, up from their previous forecast of $1.71. Wedbush currently has a "Neutral" rating and a $100.00 price objective on the stock. The consensus estimate for Floor & Decor's current full-year earnings is $1.72 per share. Wedbush also issued estimates for Floor & Decor's Q4 2024 earnings at $0.25 EPS, FY2025 earnings at $1.87 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $3.13 EPS.

FND has been the topic of a number of other research reports. The Goldman Sachs Group downgraded Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price target on the stock. in a research note on Thursday, January 30th. Mizuho lifted their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Wells Fargo & Company increased their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upped their target price on shares of Floor & Decor from $103.00 to $110.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, Piper Sandler lowered their price target on Floor & Decor from $118.00 to $103.00 and set a "neutral" rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $105.39.

Floor & Decor Stock Down 2.7 %

Shares of FND traded down $2.58 during midday trading on Monday, reaching $92.75. The stock had a trading volume of 3,251,881 shares, compared to its average volume of 1,531,811. The company's fifty day simple moving average is $100.33 and its two-hundred day simple moving average is $106.04. The company has a market cap of $9.95 billion, a price-to-earnings ratio of 51.53, a PEG ratio of 20.20 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%.

Institutional Investors Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cache Advisors LLC acquired a new position in shares of Floor & Decor during the 4th quarter worth approximately $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Floor & Decor by 10.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company's stock worth $30,871,000 after purchasing an additional 29,480 shares in the last quarter. Worldly Partners Management LLC raised its stake in Floor & Decor by 1.7% in the 4th quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company's stock valued at $103,427,000 after purchasing an additional 17,780 shares during the last quarter. Twinbeech Capital LP purchased a new position in Floor & Decor in the 4th quarter valued at about $13,324,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Floor & Decor during the 4th quarter worth about $18,444,000.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.