Floor & Decor Holdings, Inc. to Post Q2 2024 Earnings of $0.53 Per Share, Telsey Advisory Group Forecasts (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) – Equities research analysts at Telsey Advisory Group reduced their Q2 2024 earnings estimates for shares of Floor & Decor in a research report issued on Wednesday, July 24th. Telsey Advisory Group analyst J. Feldman now forecasts that the company will earn $0.53 per share for the quarter, down from their prior forecast of $0.60. Telsey Advisory Group currently has a “Market Perform” rating and a $100.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.83 per share. Telsey Advisory Group also issued estimates for Floor & Decor’s Q3 2024 earnings at $0.52 EPS, FY2024 earnings at $1.84 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.70 EPS and FY2025 earnings at $2.53 EPS.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter last year, the business posted $0.66 EPS.

Several other research firms have also issued reports on FND. Wedbush reduced their price target on shares of Floor & Decor from $125.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, July 22nd. TD Cowen dropped their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research note on Friday, July 12th. Mizuho dropped their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Truist Financial dropped their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, UBS Group dropped their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $106.33.

Floor & Decor Stock Performance

NYSE FND opened at $96.06 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 46.41, a P/E/G ratio of 9.66 and a beta of 1.73. The firm’s 50 day simple moving average is $106.81 and its 200 day simple moving average is $111.88. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67.

Insider Activity

In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 168,386 shares of the company’s stock, valued at $21,048,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter Starrett sold 1,569 shares of Floor & Decor stock in a transaction on Monday, May 13th. The stock was sold at an average price of $122.61, for a total transaction of $192,375.09. Following the transaction, the director now directly owns 118,620 shares of the company’s stock, valued at approximately $14,543,998.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,778 shares of company stock valued at $5,182,791. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently bought and sold shares of the stock. &PARTNERS acquired a new stake in Floor & Decor in the second quarter worth $325,000. Fifth Third Wealth Advisors LLC acquired a new stake in Floor & Decor in the second quarter worth $324,000. Fifth Third Bancorp grew its holdings in Floor & Decor by 42.8% in the second quarter. Fifth Third Bancorp now owns 2,308 shares of the company’s stock worth $229,000 after purchasing an additional 692 shares during the period. J.Safra Asset Management Corp grew its holdings in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after purchasing an additional 372 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Floor & Decor by 39.8% in the second quarter. SG Americas Securities LLC now owns 5,659 shares of the company’s stock worth $563,000 after purchasing an additional 1,610 shares during the period.

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.