Floor & Decor Holdings, Inc. Expected to Earn Q4 2022 Earnings of $0.77 Per Share (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) – Analysts at Jefferies Financial Group boosted their Q4 2022 earnings per share estimates for shares of Floor & Decor in a research note issued to investors on Thursday, May 5th. Jefferies Financial Group analyst J. Matuszewski now forecasts that the company will post earnings per share of $0.77 for the quarter, up from their prior estimate of $0.76. Jefferies Financial Group has a “Buy” rating and a $146.00 price target on the stock. Jefferies Financial Group also issued estimates for Floor & Decor’s Q2 2023 earnings at $0.93 EPS.

Floor & Decor (NYSE:FNDGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. Floor & Decor had a return on equity of 20.80% and a net margin of 7.57%. The company’s quarterly revenue was up 31.5% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share.

FND has been the topic of a number of other reports. Piper Sandler lowered their price target on Floor & Decor from $136.00 to $102.00 in a report on Thursday, April 7th. Loop Capital decreased their target price on Floor & Decor from $135.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, February 28th. Telsey Advisory Group decreased their target price on Floor & Decor from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, February 18th. Robert W. Baird decreased their target price on Floor & Decor from $130.00 to $110.00 in a research note on Monday, May 2nd. Finally, Morgan Stanley decreased their target price on Floor & Decor from $130.00 to $120.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 18th. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Floor & Decor currently has an average rating of “Buy” and a consensus target price of $125.62.

Shares of FND opened at $75.18 on Monday. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 29.14, a price-to-earnings-growth ratio of 1.07 and a beta of 1.76. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.26 and a current ratio of 1.23. Floor & Decor has a one year low of $73.38 and a one year high of $145.89. The stock’s fifty day moving average is $87.71 and its 200-day moving average is $108.58.

In other Floor & Decor news, Director William T. Giles bought 2,000 shares of the stock in a transaction on Tuesday, March 1st. The shares were bought at an average price of $96.00 per share, with a total value of $192,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Floor & Decor by 5.4% during the 4th quarter. BlackRock Inc. now owns 6,524,980 shares of the company’s stock valued at $848,314,000 after acquiring an additional 333,429 shares in the last quarter. WCM Investment Management LLC lifted its holdings in shares of Floor & Decor by 1.3% during the 1st quarter. WCM Investment Management LLC now owns 3,110,543 shares of the company’s stock valued at $251,954,000 after buying an additional 40,808 shares during the last quarter. State Street Corp lifted its holdings in shares of Floor & Decor by 10.6% during the 4th quarter. State Street Corp now owns 2,159,497 shares of the company’s stock valued at $280,756,000 after buying an additional 206,424 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Floor & Decor by 13.6% during the 4th quarter. Invesco Ltd. now owns 2,024,606 shares of the company’s stock valued at $263,218,000 after buying an additional 242,775 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in shares of Floor & Decor by 1.4% during the 3rd quarter. Bamco Inc. NY now owns 1,664,622 shares of the company’s stock valued at $201,070,000 after buying an additional 22,190 shares during the last quarter. 96.48% of the stock is currently owned by institutional investors.

Floor & Decor Company Profile (Get Rating)

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.

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

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