Floor & Decor Holdings Inc (NYSE:FND) – Equities researchers at Piper Jaffray Companies decreased their Q2 2019 earnings per share (EPS) estimates for shares of Floor & Decor in a report released on Thursday, July 18th. Piper Jaffray Companies analyst P. Keith now expects that the company will earn $0.29 per share for the quarter, down from their prior estimate of $0.30. Piper Jaffray Companies also issued estimates for Floor & Decor’s FY2019 earnings at $1.09 EPS, Q2 2020 earnings at $0.33 EPS and FY2020 earnings at $1.40 EPS.
Several other analysts also recently weighed in on FND. Telsey Advisory Group set a $125.00 price objective on shares of Expedia Group and gave the company a “hold” rating in a research report on Friday, May 3rd. Stephens reiterated a “buy” rating and issued a $34.00 price objective on shares of Guaranty Bancshares in a research report on Tuesday, April 23rd. UBS Group lifted their price objective on shares of W. R. Berkley from $53.00 to $56.00 and gave the company a “sell” rating in a research report on Wednesday, April 24th. Wedbush reiterated an “outperform” rating on shares of Alphabet in a research report on Thursday, April 25th. Finally, Zacks Investment Research downgraded shares of General Finance from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the company’s stock. Floor & Decor has an average rating of “Hold” and an average price target of $43.18.
Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The business had revenue of $477.05 million during the quarter, compared to analyst estimates of $480.17 million. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The company’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.26 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Floor & Decor by 44.3% in the 1st quarter. FMR LLC now owns 3,784,344 shares of the company’s stock worth $155,991,000 after purchasing an additional 1,161,156 shares in the last quarter. Timucuan Asset Management Inc. FL increased its position in shares of Floor & Decor by 1.9% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,642,630 shares of the company’s stock worth $108,929,000 after acquiring an additional 49,213 shares in the last quarter. BlackRock Inc. increased its position in shares of Floor & Decor by 13.4% in the fourth quarter. BlackRock Inc. now owns 2,463,489 shares of the company’s stock worth $63,804,000 after acquiring an additional 291,235 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Floor & Decor by 9.4% in the first quarter. Neuberger Berman Group LLC now owns 1,909,420 shares of the company’s stock worth $78,706,000 after acquiring an additional 164,470 shares in the last quarter. Finally, Carillon Tower Advisers Inc. increased its position in shares of Floor & Decor by 41.1% in the first quarter. Carillon Tower Advisers Inc. now owns 1,679,327 shares of the company’s stock worth $69,221,000 after acquiring an additional 488,925 shares in the last quarter.
In related news, Director George Vincent West sold 15,077 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $42.03, for a total value of $633,686.31. Following the sale, the director now directly owns 15,077 shares in the company, valued at approximately $633,686.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 60,729 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $43.66, for a total transaction of $2,651,428.14. The disclosure for this sale can be found here. Insiders sold a total of 1,389,404 shares of company stock worth $59,624,277 over the last quarter. Insiders own 7.00% of the company’s stock.
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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