Floor & Decor’s (FND) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Floor & Decor (NYSE:FND) in a report released on Thursday morning, Benzinga reports. Telsey Advisory Group currently has a $95.00 price target on the stock. Telsey Advisory Group also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.24 EPS, Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $2.13 EPS.

Several other brokerages have also recently commented on FND. Robert W. Baird lowered their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, July 29th. Stifel Nicolaus cut their target price on Floor & Decor from $100.00 to $97.50 and set a “hold” rating for the company in a research report on Monday. Guggenheim decreased their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Truist Financial dropped their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.24.

Floor & Decor Stock Performance

Shares of NYSE FND traded up $1.44 during midday trading on Thursday, hitting $104.49. 343,723 shares of the company’s stock were exchanged, compared to its average volume of 1,425,016. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The firm has a market capitalization of $11.20 billion, a PE ratio of 57.20, a price-to-earnings-growth ratio of 13.59 and a beta of 1.80. The company’s 50 day moving average price is $111.85 and its 200 day moving average price is $108.87. 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 announced its earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.84%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $0.61 EPS. Floor & Decor’s revenue was up .9% compared to the same quarter last year. As a group, analysts predict that Floor & Decor will post 1.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Floor & Decor

Large investors have recently made changes to their positions in the business. Chris Bulman Inc purchased a new stake in Floor & Decor during the second quarter worth 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 worth $34,000 after purchasing an additional 196 shares during the period. J.Safra Asset Management Corp lifted its stake in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the last quarter. GAMMA Investing LLC grew its holdings in Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the period. Finally, RiverPark Advisors LLC increased its position in Floor & Decor by 361.1% in the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after buying an additional 473 shares during 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.