Telsey Advisory Group Weighs in on Floor & Decor Holdings, Inc.’s Q2 2024 Earnings (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) – Analysts at Telsey Advisory Group lowered their Q2 2024 EPS estimates for shares of Floor & Decor in a research note issued on Friday, May 3rd. Telsey Advisory Group analyst J. Feldman now expects that the company will post earnings per share of $0.60 for the quarter, down from their previous estimate of $0.62. Telsey Advisory Group has a “Market Perform” rating and a $110.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.90 per share. Telsey Advisory Group also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.95 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $0.78 EPS, Q3 2025 earnings at $0.77 EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $2.70 EPS.

A number of other equities analysts also recently issued reports on the stock. UBS Group cut their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Truist Financial lifted their price objective on shares of Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. TD Cowen cut their price objective on shares of Floor & Decor from $125.00 to $115.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Guggenheim boosted their price target on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, Wedbush reissued an “outperform” rating and issued a $125.00 price target on shares of Floor & Decor in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus target price of $108.76.

Floor & Decor Price Performance

FND opened at $116.87 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The company has a market capitalization of $12.48 billion, a price-to-earnings ratio of 56.46, a P/E/G ratio of 5.51 and a beta of 1.86. The firm’s fifty day moving average price is $118.85 and its two-hundred day moving average price is $106.89. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. Floor & Decor’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.66 EPS.

Institutional Trading of Floor & Decor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Polen Capital Management LLC boosted its stake in shares of Floor & Decor by 59,133.5% during the fourth quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares during the period. Capital World Investors boosted its stake in shares of Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after purchasing an additional 627,256 shares during the period. Vanguard Group Inc. boosted its stake in shares of Floor & Decor by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 9,658,747 shares of the company’s stock valued at $1,077,530,000 after purchasing an additional 300,506 shares during the period. Capital Research Global Investors lifted its stake in Floor & Decor by 4.8% in the fourth quarter. Capital Research Global Investors now owns 6,537,191 shares of the company’s stock worth $729,327,000 after acquiring an additional 298,386 shares during the period. Finally, FMR LLC lifted its stake in Floor & Decor by 13.1% in the third quarter. FMR LLC now owns 4,605,699 shares of the company’s stock worth $416,816,000 after acquiring an additional 531,891 shares during the period.

Insider Activity

In related news, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the transaction, the chief financial officer now directly owns 17,422 shares in the company, valued at $2,088,200.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Bryan Langley sold 5,865 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the transaction, the chief financial officer now directly owns 17,422 shares in the company, valued at $2,088,200.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven Alan Denny sold 5,152 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $123.52, for a total value of $636,375.04. Following the completion of the sale, the executive vice president now directly owns 13,271 shares of the company’s stock, valued at approximately $1,639,233.92. The disclosure for this sale can be found here. Insiders have sold a total of 90,867 shares of company stock worth $11,016,089 over the last ninety days. Company insiders own 2.10% of the company’s stock.

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.