Analysts Offer Predictions for Floor & Decor FY2024 Earnings

Floor & Decor Holdings, Inc. (NYSE:FND) – Equities researchers at Wedbush upped their FY2024 earnings per share (EPS) estimates for shares of Floor & Decor in a research report issued on Friday, February 14th. Wedbush analyst S. Basham now anticipates that the company will earn $1.72 per share for the year, up from their prior forecast of $1.71. Wedbush currently has a “Neutral” rating and a $100.00 price target on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.72 per share. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.25 EPS, FY2025 earnings at $1.87 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $3.13 EPS.

A number of other equities research analysts have also recently weighed in on FND. Piper Sandler decreased their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday, October 28th. Barclays upgraded Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $75.00 to $91.00 in a research note on Wednesday, January 8th. Mizuho increased their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Wells Fargo & Company increased their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. increased their price target on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor has an average rating of “Hold” and a consensus target price of $106.22.

Floor & Decor Trading Down 0.3 %

Shares of NYSE FND opened at $97.54 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The stock has a market capitalization of $10.46 billion, a P/E ratio of 54.19, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83. Floor & Decor has a 1-year low of $89.06 and a 1-year high of $135.67. The business has a fifty day moving average price of $101.25 and a 200 day moving average price of $106.09.

Institutional Trading of Floor & Decor

Several hedge funds and other institutional investors have recently bought and sold shares of FND. Blue Trust Inc. grew its holdings in Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the period. Quarry LP acquired a new stake in Floor & Decor during the third quarter worth about $34,000. Huntington National Bank grew its holdings in Floor & Decor by 120.5% during the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock worth $34,000 after acquiring an additional 188 shares during the period. Whipplewood Advisors LLC acquired a new stake in Floor & Decor during the fourth quarter worth about $35,000. Finally, Bank of Jackson Hole Trust acquired a new stake in Floor & Decor during the fourth quarter worth about $49,000.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.