Floor & Decor Holdings, Inc. (NYSE:FND) – Stock analysts at Wedbush increased their FY2017 earnings per share estimates for shares of Floor & Decor Holdings in a report released on Friday. Wedbush analyst S. Basham now anticipates that the company will earn $0.65 per share for the year, up from their previous forecast of $0.59. Wedbush has a “Outperform” rating and a $45.00 price objective on the stock. Wedbush also issued estimates for Floor & Decor Holdings’ Q4 2017 earnings at $0.16 EPS, Q1 2018 earnings at $0.17 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.20 EPS and FY2018 earnings at $0.86 EPS.
Floor & Decor Holdings (NYSE:FND) last released its earnings results on Thursday, November 2nd. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The company had revenue of $343.90 million during the quarter, compared to analysts’ expectations of $338.62 million. Floor & Decor Holdings had a return on equity of 26.39% and a net margin of 5.62%. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. ILLEGAL ACTIVITY NOTICE: This report was reported by Community Financial News and is the property of of Community Financial News. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/11/06/fy2017-eps-estimates-for-floor-decor-holdings-inc-increased-by-wedbush-fnd.html.
Several other research firms have also recently commented on FND. Bank of America Corporation reissued a “buy” rating and issued a $42.00 target price on shares of Floor & Decor Holdings in a research note on Tuesday, September 5th. Zacks Investment Research cut Floor & Decor Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Jefferies Group LLC lifted their price objective on Floor & Decor Holdings from $38.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday. Credit Suisse Group lifted their price objective on Floor & Decor Holdings from $43.00 to $47.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, BMO Capital Markets initiated coverage on Floor & Decor Holdings in a research note on Thursday, September 14th. They set a “market perform” rating and a $41.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Floor & Decor Holdings presently has a consensus rating of “Hold” and a consensus price target of $42.60.
Shares of Floor & Decor Holdings (FND) opened at $41.29 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 0.18.
In related news, Director George Vincent West sold 50,000 shares of Floor & Decor Holdings stock in a transaction on Friday, October 20th. The stock was sold at an average price of $37.90, for a total transaction of $1,895,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
A number of hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank bought a new position in Floor & Decor Holdings during the second quarter worth about $157,000. Public Employees Retirement System of Ohio bought a new position in Floor & Decor Holdings during the second quarter worth about $179,000. Principal Financial Group Inc. bought a new position in Floor & Decor Holdings during the third quarter worth about $208,000. Balyasny Asset Management LLC bought a new position in Floor & Decor Holdings during the second quarter worth about $212,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Floor & Decor Holdings during the second quarter worth about $216,000. Hedge funds and other institutional investors own 89.26% of the company’s stock.
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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