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

Floor & Decor (NYSE:FND – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.75-$3.00 for the period, compared to the consensus 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.

NYSE:FND traded down $0.66 during mid-day trading on Monday, hitting $67.97. 19,335 shares of the company traded hands, compared to its average volume of 1,253,275. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.14. The stock’s fifty day moving average price is $83.51 and its 200-day moving average price is $103.86. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 0.94 and a beta of 1.76. Floor & Decor has a one year low of $65.12 and a one year 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.02. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. Floor & Decor had a return on equity of 20.21% and a net margin of 7.57%. The business’s quarterly revenue was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Equities analysts predict that Floor & Decor will post 2.89 EPS for the current year.

Several analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Floor & Decor from $137.00 to $106.00 in a research report on Friday, May 13th. Loop Capital lowered their price objective on Floor & Decor from $135.00 to $105.00 and set a hold rating on the stock in a research report on Monday, February 28th. Wedbush cut their target price on Floor & Decor from $130.00 to $100.00 and set an outperform rating for the company in a research report on Friday, May 6th. Gordon Haskett cut Floor & Decor from a buy rating to an accumulate rating in a report on Friday, May 6th. Finally, Wells Fargo & Company cut their price objective on shares of Floor & Decor from $130.00 to $105.00 and set an overweight rating for the company in a report on Thursday, April 7th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $123.23.

In other Floor & Decor news, Director William T. Giles acquired 2,000 shares of the stock in a transaction on Tuesday, March 1st. The stock was acquired at an average price of $96.00 per share, for a total transaction of $192,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Guggenheim Capital LLC lifted its holdings in shares of Floor & Decor by 2.6% in the 4th quarter. Guggenheim Capital LLC now owns 5,364 shares of the company’s stock valued at $698,000 after acquiring an additional 134 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of Floor & Decor by 1.3% in the 1st quarter. Lazard Asset Management LLC now owns 10,982 shares of the company’s stock valued at $889,000 after purchasing an additional 141 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of Floor & Decor by 2.0% in the 1st quarter. Prudential Financial Inc. now owns 11,120 shares of the company’s stock valued at $900,000 after purchasing an additional 216 shares during the last quarter. Colony Group LLC boosted its holdings in shares of Floor & Decor by 5.3% in the 4th quarter. Colony Group LLC now owns 6,679 shares of the company’s stock worth $868,000 after purchasing an additional 339 shares during the period. Finally, Mather Group LLC. increased 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 valued at $234,000 after purchasing an additional 358 shares during 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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