Floor & Decor (NYSE:FND) Rating Reiterated by Wedbush

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reiterated by equities research analysts at Wedbush in a report issued on Friday, Benzinga reports. They presently have a $110.00 price target on the stock. Wedbush’s price target indicates a potential upside of 12.37% from the stock’s current price. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $1.68 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.

Several other research firms have also recently weighed in on FND. Citigroup lowered their price target on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Piper Sandler raised their target price on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Wells Fargo & Company lowered their target price on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Mizuho lowered their target price on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Finally, UBS Group lowered their target price on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $103.32.

Floor & Decor Trading Up 4.0 %

Shares of NYSE:FND opened at $97.89 on Friday. Floor & Decor has a 52-week low of $76.30 and a 52-week high of $135.67. The company has a market capitalization of $10.48 billion, a P/E ratio of 47.29, 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 $104.49 and a 200 day simple moving average of $111.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The business’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. Sell-side analysts forecast that Floor & Decor will post 1.81 earnings per share for the current year.

Insider Activity

In other news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction dated 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 $21,048,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $124,341.10. Following the completion of the sale, the executive vice president now owns 12,911 shares in the company, valued at approximately $1,589,473.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,778 shares of company stock worth $5,182,791. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

Institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co bought a new stake in Floor & Decor in the 1st quarter worth about $26,000. Rise Advisors LLC bought a new stake in Floor & Decor in the 1st quarter worth about $39,000. J.Safra Asset Management Corp grew its position in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares in the last quarter. Global Retirement Partners LLC grew its position in Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after purchasing an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC bought a new stake in Floor & Decor in the 4th quarter worth about $53,000.

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.