Floor & Decor (NYSE:FND) Earns “Outperform” Rating from Wedbush

Wedbush reiterated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research note released on Friday, Benzinga reports. They currently have a $110.00 price target on the stock. 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.

Other equities analysts also recently issued research reports about the stock. Melius Research started coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Citigroup cut their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. TD Cowen lowered their price target on Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, July 12th. Stifel Nicolaus raised their price objective on Floor & Decor from $85.00 to $100.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Piper Sandler lifted their price objective on Floor & Decor from $95.00 to $119.00 and gave the company a “neutral” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.42.

Floor & Decor Price Performance

Shares of NYSE:FND opened at $102.02 on Friday. The company has a market cap of $10.93 billion, a P/E ratio of 52.86, a P/E/G ratio of 13.92 and a beta of 1.80. The business has a fifty day simple moving average of $112.24 and a 200-day simple moving average of $109.10. Floor & Decor has a 52 week low of $76.30 and a 52 week high of $135.67. The company has a quick ratio of 0.27, a current ratio of 1.17 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. Equities research analysts forecast that Floor & Decor will post 1.67 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FND. Duality Advisers LP purchased a new position in shares of Floor & Decor during the 1st quarter valued at approximately $4,238,000. Russell Investments Group Ltd. increased its position in shares of Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company’s stock worth $12,050,000 after purchasing an additional 12,158 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Floor & Decor in the 1st quarter valued at about $24,791,000. Capital International Investors lifted its position in shares of Floor & Decor by 7.4% during the first quarter. Capital International Investors now owns 1,063,151 shares of the company’s stock worth $137,806,000 after purchasing an additional 73,448 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Floor & Decor by 166.3% in the first quarter. Janney Montgomery Scott LLC now owns 62,284 shares of the company’s stock worth $8,073,000 after purchasing an additional 38,895 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.