Equities Analysts Offer Predictions for Floor & Decor Holdings Inc’s FY2017 Earnings (FND)

Floor & Decor Holdings Inc (NYSE:FND) – Wedbush lifted their FY2017 EPS estimates for shares of Floor & Decor in a report issued on Monday. Wedbush analyst S. Basham now expects that the company will post earnings of $0.68 per share for the year, up from their prior estimate of $0.65. Wedbush also issued estimates for Floor & Decor’s Q4 2017 earnings at $0.18 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.87 EPS, FY2019 earnings at $1.07 EPS and FY2020 earnings at $1.29 EPS.

Several other research firms have also commented on FND. BMO Capital Markets increased their target price on shares of Floor & Decor from $41.00 to $45.00 and gave the company a “market perform” rating in a report on Monday, November 6th. Zacks Investment Research raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Monday, November 6th. Jefferies Group increased their target price on shares of Floor & Decor from $38.00 to $42.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Wells Fargo & Co set a $45.00 target price on shares of Floor & Decor and gave the company a “hold” rating in a report on Monday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $54.00 target price (up previously from $47.00) on shares of Floor & Decor in a report on Monday. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $45.13.

Floor & Decor (NYSE FND) opened at $46.15 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Floor & Decor has a twelve month low of $29.37 and a twelve month high of $49.86. The company has a market cap of $4,390.00 and a price-to-earnings ratio of 63.22.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Floor & Decor had a net margin of 5.62% and a return on equity of 26.39%. The firm had revenue of $343.90 million for the quarter, compared to analysts’ expectations of $338.62 million. During the same quarter last year, the company posted $0.12 EPS. The business’s quarterly revenue was up 26.8% on a year-over-year basis.

In other news, EVP Brian K. Robbins sold 9,600 shares of Floor & Decor stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $41.20, for a total transaction of $395,520.00. Following the sale, the executive vice president now owns 13,160 shares of the company’s stock, valued at approximately $542,192. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Thomas V. Taylor sold 155,392 shares of Floor & Decor stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $45.71, for a total transaction of $7,102,968.32. Following the sale, the chief executive officer now directly owns 24,726 shares in the company, valued at approximately $1,130,225.46. The disclosure for this sale can be found here. In the last three months, insiders sold 5,647,246 shares of company stock worth $201,948,218.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of Floor & Decor by 108.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,477 shares of the company’s stock valued at $369,000 after purchasing an additional 4,927 shares in the last quarter. Bamco Inc. NY lifted its position in Floor & Decor by 515.5% during the 3rd quarter. Bamco Inc. NY now owns 704,022 shares of the company’s stock valued at $27,408,000 after acquiring an additional 589,635 shares during the period. Magnetar Financial LLC purchased a new position in Floor & Decor during the 3rd quarter valued at about $7,668,000. Engineers Gate Manager LP purchased a new position in Floor & Decor during the 3rd quarter valued at about $1,564,000. Finally, California State Teachers Retirement System lifted its position in Floor & Decor by 93.7% during the 3rd quarter. California State Teachers Retirement System now owns 35,262 shares of the company’s stock valued at $1,373,000 after acquiring an additional 17,062 shares during the period. 93.49% of the stock is currently owned by hedge funds and other institutional investors.

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Floor & Decor 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).

Earnings History and Estimates for Floor & Decor (NYSE:FND)

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