Floor & Decor (NYSE:FND) Issues Earnings Results

Floor & Decor (NYSE:FND) released its quarterly earnings data on Thursday. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02, Briefing.com reports. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. Floor & Decor updated its FY24 guidance to $1.75-$2.05 EPS.

Floor & Decor Price Performance

Shares of FND traded up $0.28 during trading hours on Friday, reaching $113.04. The stock had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.18 and a current ratio of 1.14. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The stock has a market capitalization of $12.07 billion, a PE ratio of 54.61, a PEG ratio of 5.46 and a beta of 1.86. The company’s 50-day moving average is $118.90 and its two-hundred day moving average is $106.12.

Insider Buying and Selling

In other news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the sale, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, President Trevor Lang sold 13,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the transaction, the executive vice president now directly owns 13,271 shares in the company, valued at $1,639,233.92. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 in the last 90 days. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

FND has been the topic of a number of research reports. Bank of America upped their price target on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Truist Financial lifted their price target on Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. UBS Group decreased their price objective on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday. Wedbush reissued an “outperform” rating and set a $125.00 target price on shares of Floor & Decor in a report on Friday. Finally, Stifel Nicolaus decreased their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $108.76.

About Floor & Decor

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.