Floor & Decor (NYSE:FND) Updates FY24 Earnings Guidance

Floor & Decor (NYSE:FND) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.75-$2.05 for the period, compared to the consensus earnings per share estimate of $1.90. The company issued revenue guidance of $4.60-$4.77 billion, compared to the consensus revenue estimate of $4.67 billion.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FND. Guggenheim increased their target price on Floor & Decor from $115.00 to $130.00 and gave the company a buy rating in a report on Tuesday, February 27th. TD Cowen cut their target price on shares of Floor & Decor from $125.00 to $115.00 and set a hold rating on the stock in a report on Friday. Truist Financial lifted their target price on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a buy rating in a research note on Tuesday, February 20th. Evercore ISI dropped their price target on shares of Floor & Decor from $120.00 to $115.00 and set an in-line rating for the company in a research report on Friday. Finally, The Goldman Sachs Group boosted their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a neutral rating in a research report on Monday, February 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $108.76.

Floor & Decor Stock Up 0.2 %

FND stock traded up $0.28 during midday trading on Friday, hitting $113.04. The stock had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The business has a 50-day moving average of $118.90 and a two-hundred day moving average of $106.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The firm 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. 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 earnings results 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 company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS. As a group, equities research analysts forecast that Floor & Decor will post 1.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Floor & Decor news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the transaction, the president now directly 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 can be accessed through this link. Also, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total transaction of $636,375.04. Following the completion of the transaction, the executive vice president now owns 13,271 shares in the company, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is currently owned by company 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.