Floor & Decor (NYSE:FND) Updates FY 2024 Earnings Guidance

Floor & Decor (NYSE:FND) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 1.750-2.050 for the period, compared to the consensus earnings per share estimate of 1.910. The company issued revenue guidance of $4.6 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion.

Analyst Ratings Changes

A number of analysts recently commented on the company. UBS Group decreased their price target on Floor & Decor from $135.00 to $125.00 and set a neutral rating for the company in a research report on Friday. Stifel Nicolaus reduced their price objective on Floor & Decor from $115.00 to $110.00 and set a hold rating for the company in a report on Monday, February 26th. Wedbush reissued an outperform rating and set a $125.00 price objective on shares of Floor & Decor in a report on Friday. Mizuho reduced their price objective on Floor & Decor from $115.00 to $110.00 and set a neutral rating for the company in a report on Friday. Finally, Evercore ISI reduced their price objective on Floor & Decor from $120.00 to $115.00 and set an in-line rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Floor & Decor presently has a consensus rating of Hold and an average target price of $108.76.

Floor & Decor Price Performance

NYSE:FND traded up $3.93 during trading hours on Monday, hitting $116.97. 1,374,938 shares of the company’s stock traded hands, compared to its average volume of 1,400,629. The business’s fifty day simple moving average is $118.92 and its two-hundred day simple moving average is $106.64. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a quick ratio of 0.21, a current ratio of 1.17 and a debt-to-equity ratio of 0.10. The firm has a market cap of $12.49 billion, a P/E ratio of 56.51, a P/E/G ratio of 5.51 and a beta of 1.86.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a return on equity of 11.80% and a net margin of 5.11%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. On average, research analysts anticipate that Floor & Decor will post 1.9 earnings per share for the current fiscal year.

Insider Buying and Selling at Floor & Decor

In other news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the transaction, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Steven Alan Denny sold 5,152 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the sale, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at $1,639,233.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Trevor Lang sold 13,000 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Insiders have sold 90,867 shares of company stock worth $11,016,089 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

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.