Floor & Decor (NYSE:FND – Get Rating) released its earnings results on Thursday. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.03, Briefing.com reports. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Floor & Decor had a return on equity of 20.21% and a net margin of 7.57%. The firm’s revenue was up 26.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Floor & Decor updated its FY 2022 guidance to $2.65-$2.80 EPS and its FY22 guidance to $2.65 to $2.80 EPS.
Floor & Decor Price Performance
Floor & Decor stock traded up $11.06 during midday trading on Friday, reaching $92.92. The company had a trading volume of 3,368,671 shares, compared to its average volume of 1,332,554. The company has a market capitalization of $9.84 billion, a P/E ratio of 36.02, a P/E/G ratio of 1.22 and a beta of 1.85. Floor & Decor has a 12-month low of $59.91 and a 12-month high of $145.89. The firm’s fifty day simple moving average is $72.97 and its 200-day simple moving average is $83.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.21 and a quick ratio of 0.16.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its stake in Floor & Decor by 1.3% in the 1st quarter. Lazard Asset Management LLC now owns 10,982 shares of the company’s stock worth $889,000 after purchasing an additional 141 shares in the last quarter. Prudential Financial Inc. lifted its stake in Floor & Decor by 2.0% in the 1st quarter. Prudential Financial Inc. now owns 11,120 shares of the company’s stock worth $900,000 after purchasing an additional 216 shares in the last quarter. Mather Group LLC. lifted its stake in Floor & Decor by 14.2% in the 1st quarter. Mather Group LLC. now owns 2,884 shares of the company’s stock worth $234,000 after purchasing an additional 358 shares in the last quarter. Roundview Capital LLC lifted its stake in Floor & Decor by 3.3% in the 1st quarter. Roundview Capital LLC now owns 12,671 shares of the company’s stock worth $1,026,000 after purchasing an additional 404 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Floor & Decor by 168.4% in the 1st quarter. Parkside Financial Bank & Trust now owns 730 shares of the company’s stock worth $59,000 after purchasing an additional 458 shares in the last quarter. 96.48% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Floor & Decor Company Profile
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and commercial flooring distributor 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.
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