Wall Street analysts predict that Floor & Decor Holdings Inc (NYSE:FND) will announce $436.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Floor & Decor’s earnings, with the lowest sales estimate coming in at $434.40 million and the highest estimate coming in at $438.00 million. Floor & Decor posted sales of $389.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, February 21st.
According to Zacks, analysts expect that Floor & Decor will report full-year sales of $1.71 billion for the current financial year. For the next financial year, analysts forecast that the company will post sales of $2.08 billion, with estimates ranging from $2.05 billion to $2.15 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Floor & Decor.
Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $436.70 million during the quarter, compared to the consensus estimate of $435.66 million. Floor & Decor had a net margin of 8.80% and a return on equity of 19.82%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share.
FND has been the subject of several recent analyst reports. Wells Fargo & Co reaffirmed an “in-line” rating and set a $35.00 price objective (down from $45.00) on shares of Floor & Decor in a research note on Wednesday, October 24th. Wedbush lowered their price objective on shares of Floor & Decor from $50.00 to $38.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Telsey Advisory Group lowered their price objective on shares of Floor & Decor from $54.00 to $45.00 and set an “outperform” rating for the company in a research note on Monday, October 29th. Bank of America raised shares of Floor & Decor from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Friday, November 2nd. Finally, Credit Suisse Group set a $37.00 price objective on shares of Floor & Decor and gave the company a “buy” rating in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.06.
Shares of NYSE:FND traded up $0.66 during midday trading on Thursday, hitting $37.39. 2,863,541 shares of the stock traded hands, compared to its average volume of 1,323,783. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 54.19, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64. The company has a current ratio of 1.50, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. Floor & Decor has a one year low of $23.30 and a one year high of $58.28.
In other Floor & Decor news, Director George Vincent West sold 20,000 shares of the company’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $33.01, for a total value of $660,200.00. Following the sale, the director now owns 20,000 shares in the company, valued at $660,200. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 215,000 shares of company stock worth $6,917,000. Corporate insiders own 8.20% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in Floor & Decor by 53.6% in the third quarter. PNC Financial Services Group Inc. now owns 52,608 shares of the company’s stock worth $1,587,000 after purchasing an additional 18,361 shares during the period. Renaissance Technologies LLC grew its holdings in Floor & Decor by 266.9% in the third quarter. Renaissance Technologies LLC now owns 383,800 shares of the company’s stock worth $11,579,000 after purchasing an additional 279,200 shares during the period. Dimensional Fund Advisors LP bought a new position in shares of Floor & Decor in the second quarter worth approximately $9,434,000. Frontier Capital Management Co. LLC lifted its stake in shares of Floor & Decor by 13.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 288,267 shares of the company’s stock worth $7,466,000 after buying an additional 33,518 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Floor & Decor in the third quarter worth approximately $432,000.
About Floor & Decor
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.
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