Floor & Decor (NYSE:FND) Releases FY 2022 Earnings Guidance

Floor & Decor (NYSE:FND – Get Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share guidance of $2.75-$3.00 for the period, compared to the consensus earnings per share estimate of $2.90. The company issued revenue guidance of $4.29 billion-$4.38 billion, compared to the consensus revenue estimate of $4.33 billion.

Shares of FND traded down $1.61 during midday trading on Monday, hitting $69.86. The stock had a trading volume of 17,569 shares, compared to its average volume of 1,247,466. The business has a 50-day simple moving average of $85.54 and a two-hundred day simple moving average of $106.34. The firm has a market cap of $7.39 billion, a P/E ratio of 27.70, a price-to-earnings-growth ratio of 0.97 and a beta of 1.76. The company has a current ratio of 1.23, a quick ratio of 0.26 and a debt-to-equity ratio of 0.15. Floor & Decor has a fifty-two week low of $66.68 and a fifty-two week high of $145.89.

Floor & Decor (NYSE:FND – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Floor & Decor had a net margin of 7.57% and a return on equity of 20.80%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. During the same quarter last year, the business posted $0.68 EPS. The company’s revenue was up 31.5% on a year-over-year basis. On average, analysts expect that Floor & Decor will post 2.9 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on FND shares. Wells Fargo & Company reduced their price target on shares of Floor & Decor from $130.00 to $105.00 and set an overweight rating for the company in a research report on Thursday, April 7th. Morgan Stanley lowered their price target on shares of Floor & Decor from $130.00 to $120.00 and set an equal weight rating on the stock in a report on Tuesday, January 18th. TheStreet lowered Floor & Decor from a b rating to a c+ rating in a report on Tuesday, March 22nd. Citigroup dropped their target price on Floor & Decor from $137.00 to $106.00 in a research report on Friday. Finally, Robert W. Baird lowered their price target on Floor & Decor from $130.00 to $110.00 in a research note on Monday, May 2nd. Three equities research 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 has an average rating of Buy and an average price target of $123.23.

In related news, Director William T. Giles acquired 2,000 shares of the stock in a transaction dated 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of FND. Canada Pension Plan Investment Board bought a new position in shares of Floor & Decor during the first quarter valued at $57,000. Parkside Financial Bank & Trust increased its position in Floor & Decor by 168.4% in the first quarter. Parkside Financial Bank & Trust now owns 730 shares of the company’s stock worth $59,000 after purchasing an additional 458 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in Floor & Decor by 273.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 789 shares of the company’s stock worth $64,000 after purchasing an additional 578 shares during the period. Harbour Investments Inc. acquired a new stake in Floor & Decor in the fourth quarter worth about $126,000. Finally, Mather Group LLC. grew its position in shares of Floor & Decor by 14.2% during the 1st quarter. Mather Group LLC. now owns 2,884 shares of the company’s stock worth $234,000 after buying an additional 358 shares during the period. 96.48% of the stock is owned by hedge funds and other institutional investors.

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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