William Blair Raises Earnings Estimates for Floor & Decor

Floor & Decor Holdings, Inc. (NYSE:FND) – Equities researchers at William Blair upped their Q4 2024 EPS estimates for shares of Floor & Decor in a note issued to investors on Wednesday, October 30th. William Blair analyst P. Blee now expects that the company will post earnings per share of $0.28 for the quarter, up from their prior forecast of $0.26. The consensus estimate for Floor & Decor’s current full-year earnings is $1.66 per share.

Floor & Decor (NYSE:FND) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a return on equity of 9.84% and a net margin of 4.45%. The business’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS.

Other research analysts have also issued research reports about the company. Melius Research assumed coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target on the stock. Citigroup reduced their price target on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Stifel Nicolaus reduced their price target on Floor & Decor from $100.00 to $97.50 and set a “hold” rating on the stock in a report on Monday, October 28th. Piper Sandler reduced their price target on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.24.

Floor & Decor Trading Up 0.7 %

Shares of FND stock opened at $103.80 on Friday. The stock’s fifty day moving average is $111.78 and its two-hundred day moving average is $108.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The firm has a market capitalization of $11.12 billion, a P/E ratio of 57.64, a PEG ratio of 13.59 and a beta of 1.80. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Hedge Funds Weigh In On Floor & Decor

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Floor & Decor by 0.8% during the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company’s stock worth $1,262,506,000 after buying an additional 81,305 shares in the last quarter. Capital Research Global Investors grew its position in shares of Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of Floor & Decor by 1.5% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,123,830 shares of the company’s stock worth $111,720,000 after buying an additional 16,125 shares in the last quarter. Capital International Investors grew 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 buying an additional 73,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Floor & Decor by 15.9% during the second quarter. Dimensional Fund Advisors LP now owns 842,973 shares of the company’s stock worth $83,810,000 after buying an additional 115,876 shares in the last quarter.

About Floor & Decor

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.