Floor & Decor (NYSE:FND) Issues Quarterly Earnings Results

Floor & Decor (NYSE:FND) released its quarterly earnings data on Thursday. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02, Briefing.com reports. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company posted $0.66 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. Floor & Decor updated its FY24 guidance to $1.75-$2.05 EPS.

Floor & Decor Stock Performance

NYSE FND traded up $0.28 during trading hours on Friday, reaching $113.04. The company’s stock had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $118.90 and a 200 day simple moving average of $106.12. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The stock has a market cap of $12.07 billion, a PE ratio of 54.61, a PEG ratio of 5.46 and a beta of 1.86.

Insiders Place Their Bets

In other Floor & Decor news, CAO David Victor Christopherson sold 6,850 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now owns 25,271 shares of the company’s stock, valued at $2,999,667.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Steven Alan Denny sold 5,152 shares of Floor & Decor 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 sale, the executive vice president now owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO David Victor Christopherson sold 6,850 shares of Floor & Decor stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the sale, the chief accounting officer now directly owns 25,271 shares in the company, valued at approximately $2,999,667.70. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock valued at $11,016,089 over the last quarter. Insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Stifel Nicolaus cut their price objective on Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 26th. TD Cowen cut their price objective on Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a research report on Friday. UBS Group cut their price objective on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday. Sanford C. Bernstein lowered Floor & Decor from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $100.00 to $115.00 in a research report on Tuesday, January 16th. Finally, Bank of America raised their target price on Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $108.76.

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.