$336.30 Million in Sales Expected for Floor & Decor Holdings, Inc. (FND) This Quarter

Analysts forecast that Floor & Decor Holdings, Inc. (NYSE:FND) will announce $336.30 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Floor & Decor Holdings’ earnings, with the lowest sales estimate coming in at $335.90 million and the highest estimate coming in at $336.60 million. The firm is expected to issue its next earnings results on Thursday, October 26th.

On average, analysts expect that Floor & Decor Holdings will report full-year sales of $336.30 million for the current financial year, with estimates ranging from $1.32 billion to $1.33 billion. For the next financial year, analysts anticipate that the business will post sales of $1.62 billion per share, with estimates ranging from $1.59 billion to $1.65 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Floor & Decor Holdings.

Floor & Decor Holdings (NYSE:FND) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $344 million for the quarter, compared to the consensus estimate of $343.73 million. The business’s quarterly revenue was up 29.4% compared to the same quarter last year.

A number of research analysts have issued reports on the company. Telsey Advisory Group assumed coverage on Floor & Decor Holdings in a report on Tuesday, July 11th. They set a “market perform” rating and a $38.00 price objective for the company. Wedbush raised Floor & Decor Holdings from a “neutral” rating to an “outperform” rating and set a $45.00 price objective for the company in a report on Monday, July 24th. They noted that the move was a valuation call. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $28.00 price objective (up from $25.00) on shares of Floor & Decor Holdings in a report on Sunday, May 28th. Zacks Investment Research cut Floor & Decor Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group set a $43.00 price objective on Floor & Decor Holdings and gave the company a “buy” rating in a report on Sunday, May 28th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $41.33.

In related news, CEO Thomas V. Taylor sold 154,262 shares of Floor & Decor Holdings stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $5,939,087.00. Following the completion of the transaction, the chief executive officer now directly owns 158,781 shares of the company’s stock, valued at $6,113,068.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Trevor Lang sold 46,200 shares of Floor & Decor Holdings stock in a transaction dated 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 of the company’s stock, valued at $7,411,981.50. The disclosure for this sale can be found here. Insiders sold 7,118,047 shares of company stock valued at $274,044,810 over the last ninety days.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new position in Floor & Decor Holdings during the second quarter worth about $216,000. Neuberger Berman Group LLC acquired a new position in Floor & Decor Holdings during the second quarter worth about $287,000. Rhumbline Advisers acquired a new position in Floor & Decor Holdings during the second quarter worth about $388,000. Brighton Jones LLC acquired a new position in Floor & Decor Holdings during the second quarter worth about $397,000. Finally, Russell Investments Group Ltd. acquired a new position in Floor & Decor Holdings during the second quarter worth about $662,000. 2.24% of the stock is owned by institutional investors and hedge funds.

Floor & Decor Holdings (NYSE FND) traded up 0.29% during trading on Friday, hitting $35.04. 399,398 shares of the stock traded hands. The stock has a market cap of $3.30 billion and a PE ratio of 51.61. The company has a 50-day moving average price of $37.85 and a 200 day moving average price of $37.72. Floor & Decor Holdings has a one year low of $29.37 and a one year high of $46.99.

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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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