Floor & Decor (NYSE:FND) Given Outperform Rating at Wedbush

Floor & Decor (NYSE:FND)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a research note issued on Friday, Benzinga reports. They presently have a $110.00 target price on the stock. Wedbush’s target price indicates a potential upside of 7.82% from the company’s previous close. Wedbush also issued estimates for Floor & Decor’s Q3 2024 earnings at $0.40 EPS, Q4 2024 earnings at $0.24 EPS, FY2024 earnings at $1.62 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.74 EPS.

FND has been the topic of a number of other reports. Robert W. Baird decreased their price objective on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Stifel Nicolaus increased their price target on Floor & Decor from $85.00 to $100.00 and gave the company a “hold” rating in a report on Friday, August 30th. Guggenheim 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 Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, TD Cowen dropped their price target 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. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.42.

Floor & Decor Trading Down 1.9 %

FND stock opened at $102.02 on Friday. The firm has a fifty day moving average price of $112.24 and a 200 day moving average price of $109.14. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The firm has a market cap of $10.93 billion, a PE ratio of 52.86, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The business’s revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Sell-side analysts anticipate that Floor & Decor will post 1.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the company. Chris Bulman Inc bought a new stake in shares of Floor & Decor in the second quarter valued at about $30,000. Blue Trust Inc. raised its holdings in shares of Floor & Decor by 242.0% in the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares in the last quarter. J.Safra Asset Management Corp lifted its position in shares of Floor & Decor by 630.5% in the 2nd 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. GAMMA Investing LLC lifted its position in shares of Floor & Decor by 36.7% in the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the period. Finally, RiverPark Advisors LLC boosted its stake in shares of Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after purchasing an additional 473 shares in the last quarter.

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.