Telsey Advisory Group Comments on Floor & Decor Holdings, Inc.’s Q4 2024 Earnings (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) – Investment analysts at Telsey Advisory Group dropped their Q4 2024 earnings estimates for shares of Floor & Decor in a report released on Wednesday, July 24th. Telsey Advisory Group analyst J. Feldman now expects that the company will post earnings of $0.32 per share for the quarter, down from their previous forecast of $0.34. Telsey Advisory Group has a “Market Perform” rating and a $100.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.83 per share. Telsey Advisory Group also issued estimates for Floor & Decor’s Q3 2025 earnings at $0.73 EPS and Q4 2025 earnings at $0.53 EPS.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $0.66 EPS. Floor & Decor’s revenue for the quarter was down 2.2% on a year-over-year basis.

A number of other equities analysts have also commented on FND. Mizuho cut their price objective on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. TD Cowen reduced their price objective on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Robert W. Baird reaffirmed an “outperform” rating and issued a $127.00 price target on shares of Floor & Decor in a research report on Tuesday, July 2nd. Wedbush cut their target price on Floor & Decor from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Truist Financial cut their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.33.

Floor & Decor Stock Performance

NYSE:FND opened at $93.49 on Friday. The stock’s 50-day moving average is $106.81 and its 200-day moving average is $111.88. The stock has a market cap of $10.00 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 9.66 and a beta of 1.73. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In other news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at approximately $21,048,250. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Steven Alan Denny sold 1,010 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the sale, the executive vice president now owns 12,911 shares in the company, valued at $1,589,473.21. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The disclosure for this sale can be found here. Insiders sold 41,778 shares of company stock valued at $5,182,791 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FND. &PARTNERS purchased a new stake in Floor & Decor in the 2nd quarter valued at $325,000. Fifth Third Wealth Advisors LLC acquired a new position in Floor & Decor during the 2nd quarter worth about $324,000. Fifth Third Bancorp boosted its stake in shares of Floor & Decor by 42.8% in the second quarter. Fifth Third Bancorp now owns 2,308 shares of the company’s stock valued at $229,000 after purchasing an additional 692 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after acquiring an additional 372 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Floor & Decor by 39.8% during the second quarter. SG Americas Securities LLC now owns 5,659 shares of the company’s stock worth $563,000 after buying an additional 1,610 shares during the period.

Floor & Decor Company Profile

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.