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

Floor & Decor (NYSE:FND) released its quarterly earnings data on Thursday. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04, MarketWatch Earnings reports. Floor & Decor had a net margin of 7.04% and a return on equity of 13.68%. The company had revenue of $462.35 million for the quarter, compared to analyst estimates of $414.31 million.

NYSE:FND traded down $4.09 during mid-day trading on Friday, hitting $65.90. 1,955,182 shares of the stock were exchanged, compared to its average volume of 958,002. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 47.75, a price-to-earnings-growth ratio of 3.63 and a beta of 2.08. The firm’s 50-day simple moving average is $58.89 and its 200 day simple moving average is $48.17. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.71 and a current ratio of 1.88. Floor & Decor has a fifty-two week low of $24.36 and a fifty-two week high of $71.72.

A number of brokerages have weighed in on FND. Telsey Advisory Group boosted their price target on Floor & Decor from $58.00 to $70.00 and gave the stock a “market perform” rating in a research report on Friday. Raymond James raised their price objective on Floor & Decor from $45.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday. Zacks Investment Research raised Floor & Decor from a “sell” rating to a “hold” rating in a research report on Tuesday, June 2nd. Berenberg Bank initiated coverage on Floor & Decor in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $74.00 price objective for the company. Finally, Piper Sandler cut their price objective on Floor & Decor from $58.00 to $44.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $59.74.

In other Floor & Decor news, CFO Trevor Lang sold 30,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $44.55, for a total transaction of $1,336,500.00. Following the transaction, the chief financial officer now owns 227,613 shares in the company, valued at approximately $10,140,159.15. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Thomas V. Taylor sold 100,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $44.55, for a total value of $4,455,000.00. Following the transaction, the chief executive officer now owns 336,668 shares in the company, valued at approximately $14,998,559.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,219,399 shares of company stock valued at $319,949,005. 5.20% of the stock is currently owned by insiders.

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, vinyl, 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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Earnings History for Floor & Decor (NYSE:FND)

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