Floor & Decor Holdings, Inc. (NYSE:FND) Expected to Earn Q2 2022 Earnings of $0.75 Per Share

Floor & Decor Holdings, Inc. (NYSE:FNDGet Rating) – Telsey Advisory Group upped their Q2 2022 EPS estimates for Floor & Decor in a research report issued on Friday, May 6th. Telsey Advisory Group analyst J. Feldman now anticipates that the company will post earnings of $0.75 per share for the quarter, up from their prior estimate of $0.74. Telsey Advisory Group has a “Outperform” rating and a $135.00 price target on the stock. Telsey Advisory Group also issued estimates for Floor & Decor’s Q4 2022 earnings at $0.81 EPS and FY2022 earnings at $2.98 EPS.

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

A number of other research analysts have also weighed in on the stock. Gordon Haskett lowered shares of Floor & Decor from a “buy” rating to an “accumulate” rating in a report on Friday. Robert W. Baird dropped their price objective on shares of Floor & Decor from $130.00 to $110.00 in a research note on Monday, May 2nd. Citigroup decreased their target price on shares of Floor & Decor from $148.00 to $137.00 in a research report on Friday, February 25th. Zacks Investment Research upgraded Floor & Decor from a “sell” rating to a “hold” rating in a research report on Thursday, January 20th. Finally, Loop Capital reduced their price objective on Floor & Decor from $135.00 to $105.00 and set a “hold” rating on the stock in a research note on Monday, February 28th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $125.62.

NYSE:FND opened at $75.18 on Monday. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 1.07 and a beta of 1.76. Floor & Decor has a 1 year low of $73.38 and a 1 year high of $145.89. The stock’s 50 day simple moving average is $87.71 and its two-hundred day simple moving average is $108.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.23 and a quick ratio of 0.26.

In other Floor & Decor news, Director William T. Giles bought 2,000 shares of Floor & Decor stock in a transaction on Tuesday, March 1st. The shares were acquired at an average price of $96.00 per share, for a total transaction of $192,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its holdings in shares of Floor & Decor by 3.0% in the fourth quarter. YorkBridge Wealth Partners LLC now owns 3,392 shares of the company’s stock valued at $441,000 after purchasing an additional 99 shares during the period. Intrust Bank NA lifted its holdings in shares of Floor & Decor by 3.1% in the 4th quarter. Intrust Bank NA now owns 3,534 shares of the company’s stock worth $459,000 after buying an additional 107 shares during the period. CIBC Asset Management Inc grew its position in shares of Floor & Decor by 3.0% during the 4th quarter. CIBC Asset Management Inc now owns 4,348 shares of the company’s stock worth $565,000 after buying an additional 125 shares in the last quarter. Resonant Capital Advisors LLC increased its stake in shares of Floor & Decor by 2.9% during the fourth quarter. Resonant Capital Advisors LLC now owns 4,451 shares of the company’s stock valued at $579,000 after buying an additional 126 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in shares of Floor & Decor by 163.6% in the fourth quarter. Quadrant Capital Group LLC now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 126 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

About Floor & Decor (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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