Floor & Decor (NYSE:FND) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Floor & Decor (NYSE:FND) released its quarterly earnings results on Thursday. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02, Briefing.com reports. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. Floor & Decor’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 EPS. Floor & Decor updated its FY24 guidance to $1.75-$2.05 EPS.

Floor & Decor Stock Performance

NYSE:FND traded up $0.28 during mid-day trading on Friday, reaching $113.04. The company’s stock had a trading volume of 2,307,069 shares, compared to its average volume of 1,240,906. The company has a current ratio of 1.14, a quick ratio of 0.18 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.07 billion, a P/E ratio of 54.61, a PEG ratio of 5.46 and a beta of 1.86. The firm’s fifty day moving average price is $118.90 and its two-hundred day moving average price is $106.12. Floor & Decor has a 12-month low of $76.30 and a 12-month high of $135.67.

Insider Activity

In other news, CFO Bryan Langley sold 5,865 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total transaction of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares of the company’s stock, valued at $2,088,200.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Floor & Decor news, President Trevor Lang sold 13,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Bryan Langley sold 5,865 shares of Floor & Decor stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $119.86, for a total transaction of $702,978.90. Following the transaction, the chief financial officer now owns 17,422 shares in the company, valued at approximately $2,088,200.92. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock valued at $11,016,089 in the last 90 days. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently commented on FND. TD Cowen dropped their price target on Floor & Decor from $125.00 to $115.00 and set a “hold” rating for the company in a research note on Friday. Piper Sandler boosted their price target on shares of Floor & Decor from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, April 9th. Truist Financial raised their price objective on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Stifel Nicolaus reduced their target price on Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 26th. Finally, Guggenheim lifted their price target on Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $108.76.

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.