Floor & Decor Holdings, Inc. (NYSE:FND) to Post Q3 2024 Earnings of $0.45 Per Share, William Blair Forecasts

Floor & Decor Holdings, Inc. (NYSE:FND) – Investment analysts at William Blair decreased their Q3 2024 earnings per share (EPS) estimates for shares of Floor & Decor in a report issued on Friday, August 2nd. William Blair analyst P. Blee now expects that the company will earn $0.45 per share for the quarter, down from their prior forecast of $0.53. The consensus estimate for Floor & Decor’s current full-year earnings is $1.81 per share. William Blair also issued estimates for Floor & Decor’s FY2024 earnings at $1.70 EPS.

Floor & Decor (NYSE:FND) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.85%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the business earned $0.66 EPS. The company’s revenue for the quarter was down .2% compared to the same quarter last year.

FND has been the subject of several other reports. Piper Sandler decreased their target price on shares of Floor & Decor from $115.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Telsey Advisory Group reduced their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. UBS Group lowered their price objective on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. TD Cowen reduced their target price on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Finally, JPMorgan Chase & Co. decreased their target price on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $104.15.

Floor & Decor Stock Up 0.2 %

FND opened at $97.28 on Monday. The company has a market capitalization of $10.41 billion, a PE ratio of 47.00, a price-to-earnings-growth ratio of 10.13 and a beta of 1.74. The business has a 50-day moving average of $103.83 and a 200-day moving average of $111.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Riverview Trust Co acquired a new position in Floor & Decor in the first quarter worth $26,000. Chris Bulman Inc acquired a new position in Floor & Decor in the second quarter valued at approximately $30,000. Rise Advisors LLC acquired a new stake in Floor & Decor during the 1st quarter worth $39,000. J.Safra Asset Management Corp raised its position in shares of Floor & Decor by 630.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock valued at $44,000 after purchasing an additional 167 shares during the period.

Insider Activity at Floor & Decor

In other news, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $123.11, for a total transaction of $124,341.10. Following the sale, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Peter Starrett sold 1,569 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $122.61, for a total value of $192,375.09. Following the completion of the transaction, the director now owns 118,620 shares of the company’s stock, valued at $14,543,998.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven Alan Denny sold 1,010 shares of Floor & Decor stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $123.11, for a total value of $124,341.10. Following the sale, the executive vice president now directly owns 12,911 shares in the company, valued at $1,589,473.21. The disclosure for this sale can be found here. Insiders have sold 36,778 shares of company stock worth $4,591,591 over the last three months. Company insiders own 2.10% of the company’s stock.

About Floor & Decor

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.