Wedbush Estimates Floor & Decor's FY2024 Earnings (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) - Stock analysts at Wedbush boosted their FY2024 EPS estimates for shares of Floor & Decor in a note issued to investors on Thursday, October 31st. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $1.71 for the year, up from their prior estimate of $1.62. Wedbush currently has a "Outperform" rating and a $110.00 target price on the stock. The consensus estimate for Floor & Decor's current full-year earnings is $1.68 per share. Wedbush also issued estimates for Floor & Decor's Q3 2025 earnings at $0.61 EPS, FY2025 earnings at $1.86 EPS and FY2026 earnings at $2.44 EPS.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. Floor & Decor's revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS.

Other research analysts have also issued research reports about the stock. Guggenheim cut their target price on shares of Floor & Decor from $130.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, August 2nd. Mizuho increased their target price on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on Floor & Decor from $99.00 to $92.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Melius Research assumed coverage on Floor & Decor in a research report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective for the company. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $95.00 target price on shares of Floor & Decor in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $104.37.

Floor & Decor Stock Up 5.5 %

Shares of Floor & Decor stock traded up $5.73 during midday trading on Monday, reaching $109.49. 2,151,646 shares of the company's stock traded hands, compared to its average volume of 1,432,402. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 60.63, a price-to-earnings-growth ratio of 13.68 and a beta of 1.83. The company's 50 day simple moving average is $111.62 and its 200 day simple moving average is $108.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.27 and a current ratio of 1.16. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently added to or reduced their stakes in FND. Duality Advisers LP bought a new position in shares of Floor & Decor in the first quarter valued at about $4,238,000. Russell Investments Group Ltd. boosted its position in shares of Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company's stock worth $12,050,000 after purchasing an additional 12,158 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Floor & Decor during the first quarter worth $24,791,000. Capital International Investors increased its holdings in Floor & Decor by 7.4% in the first quarter. Capital International Investors now owns 1,063,151 shares of the company's stock valued at $137,806,000 after purchasing an additional 73,448 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Floor & Decor by 166.3% in the first quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company's stock valued at $8,073,000 after buying an additional 38,895 shares during the period.

Floor & Decor Company Profile

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.