Floor & Decor Holdings, Inc. (FND) Updates FY17 Earnings Guidance
Floor & Decor Holdings, Inc. (NYSE:FND) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $0.64-$0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.60. The company issued revenue guidance of $1.357-$1.365 billion, compared to the consensus revenue estimate of $1.34 billion.Floor & Decor Holdings also updated its Q4 guidance to $0.14-$0.16 EPS.
Several analysts have recently weighed in on the stock. J P Morgan Chase & Co assumed coverage on shares of Floor & Decor Holdings in a research report on Monday, October 16th. They set an overweight rating and a $46.00 price objective on the stock. Wedbush upgraded shares of Floor & Decor Holdings from a neutral rating to an outperform rating and set a $45.00 price objective on the stock in a research report on Monday, July 24th. They noted that the move was a valuation call. Telsey Advisory Group began coverage on shares of Floor & Decor Holdings in a research report on Tuesday, July 11th. They set a market perform rating and a $38.00 price objective on the stock. Loop Capital began coverage on shares of Floor & Decor Holdings in a research report on Friday, August 18th. They issued a hold rating and a $35.00 target price on the stock. Finally, Piper Jaffray Companies reiterated a hold rating and issued a $42.00 target price on shares of Floor & Decor Holdings in a research report on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $41.40.
In related news, Director George Vincent West sold 50,000 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $37.90, for a total transaction of $1,895,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
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Floor & Decor Holdings Company Profile
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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