Floor & Decor Holdings, Inc. (NYSE:FND) updated its second quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.19-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18. The company issued revenue guidance of $342.0 -344.0 million, compared to the consensus revenue estimate of $334.16 million.
A number of equities research analysts have commented on FND shares. UBS AG started coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They set a neutral rating and a $39.00 price objective for the company. Piper Jaffray Companies initiated coverage on Floor & Decor Holdings in a research report on Monday, May 22nd. They set a neutral rating and a $40.00 price objective for the company. Credit Suisse Group set a $43.00 price target on Floor & Decor Holdings and gave the company a buy rating in a report on Sunday, May 28th. Bank of America Corporation reiterated a neutral rating and set a $42.00 price target (up from $40.00) on shares of Floor & Decor Holdings in a report on Sunday, May 28th. Finally, Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a $28.00 price target (up from $25.00) on shares of Floor & Decor Holdings in a report on Sunday, May 28th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $41.33.
Shares of Floor & Decor Holdings, Inc. (NYSE FND) opened at 36.14 on Friday. The company has a 50-day moving average price of $36.08 and a 200 day moving average price of $37.39. Floor & Decor Holdings, Inc. has a 12-month low of $5.69 and a 12-month high of $46.95. The firm has a market capitalization of $3.40 billion and a price-to-earnings ratio of 53.23.
Floor & Decor Holdings (NYSE:FND) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.20 earnings per share for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $344 million during the quarter, compared to the consensus estimate of $343.73 million. The firm’s quarterly revenue was up 29.4% compared to the same quarter last year. Equities research analysts expect that Floor & Decor Holdings, Inc. will post $0.60 earnings per share for the current fiscal year.
In related news, Director Norman Axelrod sold 57,804 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $2,225,454.00. Following the transaction, the director now owns 3,095 shares of the company’s stock, valued at $119,157.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Trevor Lang sold 46,200 shares of the stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $38.50, for a total value of $1,778,700.00. Following the completion of the transaction, the chief financial officer now directly owns 192,519 shares in the company, valued at approximately $7,411,981.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,118,047 shares of company stock worth $274,044,810.
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Floor & Decor Holdings Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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