Floor & Decor (NYSE:FND) Posts Earnings Results, Beats Expectations By $0.01 EPS

Floor & Decor (NYSE:FND) released its quarterly earnings data on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01, Briefing.com reports. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period last year, the firm posted $0.66 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Floor & Decor updated its FY24 guidance to $1.55-$1.75 EPS and its FY 2024 guidance to 1.550-1.750 EPS.

Floor & Decor Stock Performance

Shares of FND stock traded up $3.75 during trading on Friday, hitting $97.89. The company’s stock had a trading volume of 4,632,778 shares, compared to its average volume of 2,302,808. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. 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 business has a fifty day moving average of $104.49 and a 200-day moving average of $111.55. The company has a market cap of $10.48 billion, a PE ratio of 47.29, a P/E/G ratio of 10.13 and a beta of 1.74.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. 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 research note on Friday, May 3rd. Wells Fargo & Company decreased their price target on Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Telsey Advisory Group decreased their price target on Floor & Decor from $100.00 to $95.00 and set a “market perform” rating on the stock in a research note on Friday. Robert W. Baird decreased their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Finally, Citigroup decreased their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $103.32.

Insider Activity at Floor & Decor

In related news, EVP Steven Alan Denny sold 1,010 shares of the company’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 value of $124,341.10. Following the transaction, the executive vice president now 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 available through the SEC website. In other news, Director Peter Starrett sold 5,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the completion of the transaction, the director now directly owns 128,189 shares of the company’s stock, valued at $15,157,067.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Alan Denny sold 1,010 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the transaction, the executive vice president now directly owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,778 shares of company stock worth $5,182,791. Insiders own 2.10% of the company’s stock.

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.