Q4 EPS Estimates for Floor & Decor Decreased by Analyst

Floor & Decor Holdings, Inc. (NYSE:FND) – Equities researchers at Telsey Advisory Group cut their Q4 2024 earnings per share (EPS) estimates for Floor & Decor in a report released on Thursday, October 31st. Telsey Advisory Group analyst J. Feldman now forecasts that the company will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.26. Telsey Advisory Group currently has a “Market Perform” rating and a $95.00 target price on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.66 per share. Telsey Advisory Group also issued estimates for Floor & Decor’s Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $2.13 EPS.

Several other brokerages have also recently weighed in on FND. Melius Research assumed coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 price objective on the stock. Stifel Nicolaus cut their price target on shares of Floor & Decor from $100.00 to $97.50 and set a “hold” rating on the stock in a research report on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Wedbush reissued an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Truist Financial cut their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.24.

Floor & Decor Stock Up 0.7 %

Shares of NYSE:FND opened at $103.80 on Friday. The company has a fifty day moving average of $111.78 and a 200-day moving average of $108.83. The company has a market capitalization of $11.12 billion, a PE ratio of 57.64, a price-to-earnings-growth ratio of 13.59 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.84%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue was up .9% on a year-over-year basis.

Institutional Investors Weigh In On Floor & Decor

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. increased its stake in Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the last quarter. Chris Bulman Inc purchased a new stake in Floor & Decor in the 2nd quarter valued at about $30,000. J.Safra Asset Management Corp increased its stake in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares during the last quarter. RiverPark Advisors LLC increased its stake in Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after buying an additional 473 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares during the last quarter.

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.