FY2024 EPS Estimates for Floor & Decor Holdings, Inc. (NYSE:FND) Decreased by Wedbush

Floor & Decor Holdings, Inc. (NYSE:FND) – Stock analysts at Wedbush decreased their FY2024 earnings estimates for shares of Floor & Decor in a research report issued to clients and investors on Friday, August 2nd. Wedbush analyst S. Basham now forecasts that the company will post earnings of $1.68 per share for the year, down from their prior estimate of $1.70. Wedbush has a “Outperform” rating and a $110.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.81 per share. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.53 EPS and Q4 2025 earnings at $0.36 EPS.

FND has been the subject of a number of other research reports. Piper Sandler cut their target price on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Citigroup dropped their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. TD Cowen dropped their price target on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Evercore ISI dropped their price target on shares of Floor & Decor from $120.00 to $100.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 2nd. Finally, Truist Financial dropped their price target on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.15.

Floor & Decor Trading Up 0.2 %

NYSE:FND opened at $97.28 on Monday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a market cap of $10.41 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74. The company has a 50 day simple moving average of $103.83 and a two-hundred day simple moving average of $111.48.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The firm’s revenue was down .2% on a year-over-year basis.

Institutional Trading of Floor & Decor

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new stake in Floor & Decor in the 4th quarter valued at $4,161,000. Wellington Management Group LLP raised its position in shares of Floor & Decor by 40.6% during the 4th quarter. Wellington Management Group LLP now owns 919,362 shares of the company’s stock valued at $102,564,000 after buying an additional 265,622 shares in the last quarter. Duality Advisers LP purchased a new stake in shares of Floor & Decor during the 1st quarter valued at about $4,238,000. Yousif Capital Management LLC purchased a new stake in shares of Floor & Decor during the 4th quarter valued at about $5,614,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Floor & Decor by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 726,850 shares of the company’s stock valued at $81,099,000 after buying an additional 79,210 shares in the last quarter.

Insider Activity at Floor & Decor

In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor 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 transaction, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Floor & Decor news, Director Peter Starrett sold 1,569 shares of Floor & Decor stock in a transaction on Monday, May 13th. The shares were sold at an average price of $122.61, for a total value of $192,375.09. Following the sale, the director now directly owns 118,620 shares in the company, valued at approximately $14,543,998.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor 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 completion of the sale, the chief executive officer now owns 168,386 shares in the company, valued at $21,048,250. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,778 shares of company stock worth $4,591,591. 2.10% of the stock is owned by corporate insiders.

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.