Research Analysts Offer Predictions for Floor & Decor Holdings, Inc.’s Q2 2024 Earnings (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) – Stock analysts at Telsey Advisory Group decreased their Q2 2024 earnings per share estimates for Floor & Decor in a note issued to investors on Friday, May 3rd. Telsey Advisory Group analyst J. Feldman now expects that the company will earn $0.60 per share for the quarter, down from their previous estimate of $0.62. Telsey Advisory Group has a “Market Perform” rating and a $110.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.90 per share. Telsey Advisory Group also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.95 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $2.70 EPS.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. The firm’s revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.66 EPS.

Other equities research analysts have also recently issued research reports about the company. UBS Group lowered their target price on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday. Stifel Nicolaus cut their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 26th. Piper Sandler raised their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Sanford C. Bernstein lowered shares of Floor & Decor from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Guggenheim raised their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.76.

Floor & Decor Trading Up 0.2 %

Shares of FND opened at $113.04 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 54.61, a price-to-earnings-growth ratio of 5.48 and a beta of 1.86. The firm has a 50 day simple moving average of $118.90 and a 200-day simple moving average of $106.41.

Hedge Funds Weigh In On Floor & Decor

Several institutional investors have recently made changes to their positions in the stock. RiverPark Advisors LLC lifted its holdings in shares of Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after purchasing an additional 473 shares during the last quarter. FORA Capital LLC lifted its stake in Floor & Decor by 1.9% in the first quarter. FORA Capital LLC now owns 21,356 shares of the company’s stock valued at $2,768,000 after buying an additional 406 shares during the last quarter. Capstone Investment Advisors LLC lifted its stake in Floor & Decor by 36.4% in the first quarter. Capstone Investment Advisors LLC now owns 4,079 shares of the company’s stock valued at $529,000 after buying an additional 1,088 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Floor & Decor by 166.3% during the first quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company’s stock valued at $8,073,000 after acquiring an additional 38,895 shares during the period. Finally, Vantage Investment Partners LLC grew its position in shares of Floor & Decor by 23.4% during the first quarter. Vantage Investment Partners LLC now owns 227,409 shares of the company’s stock worth $29,458,000 after acquiring an additional 43,164 shares during the last quarter.

Insider Activity at Floor & Decor

In other news, President Trevor Lang sold 13,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the transaction, the president now owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, President Trevor Lang sold 13,000 shares of the business’s stock in a transaction that occurred 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 approximately $21,061,648.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at approximately $2,088,200.92. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock valued at $11,016,089 over the last ninety days. Corporate insiders own 2.10% of the company’s stock.

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.