Floor & Decor’s (FND) Outperform Rating Reiterated at Wedbush

Wedbush reiterated their outperform rating on shares of Floor & Decor (NYSE:FND) in a research report released on Friday morning, Benzinga reports. The brokerage currently has a $110.00 price objective on the stock. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.27 EPS, FY2024 earnings at $1.68 EPS, Q1 2025 earnings at $0.37 EPS, Q2 2025 earnings at $0.51 EPS, Q3 2025 earnings at $0.53 EPS and Q4 2025 earnings at $0.36 EPS.

Other research analysts have also recently issued reports about the company. Telsey Advisory Group decreased their price target on Floor & Decor from $100.00 to $95.00 and set a market perform rating on the stock in a research note on Friday. Mizuho cut their price target on shares of Floor & Decor from $115.00 to $110.00 and set a neutral rating on the stock in a research note on Friday, May 3rd. Wells Fargo & Company lowered their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an equal weight rating for the company in a research note on Friday, July 26th. TD Cowen reduced their target price on shares of Floor & Decor from $115.00 to $100.00 and set a hold rating on the stock in a report on Friday, July 12th. Finally, Robert W. Baird dropped their price target on shares of Floor & Decor from $127.00 to $115.00 and set an outperform rating for the company in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Floor & Decor currently has an average rating of Hold and an average target price of $104.15.

Floor & Decor Price Performance

FND traded up $0.46 during trading on Friday, hitting $98.35. The company’s stock had a trading volume of 1,526,819 shares, compared to its average volume of 1,511,306. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $10.52 billion, a price-to-earnings ratio of 47.29, a P/E/G ratio of 10.13 and a beta of 1.74. The business’s fifty day simple moving average is $104.49 and its 200 day simple moving average is $111.61. Floor & Decor has a twelve month low of $76.30 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a return on equity of 10.85% and a net margin of 4.78%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. On average, equities research analysts forecast that Floor & Decor will post 1.81 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Thomas V. Taylor sold 34,199 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total value of $4,274,875.00. Following the completion of the transaction, the chief executive officer now directly owns 168,386 shares in the company, valued at approximately $21,048,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Steven Alan Denny sold 1,010 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $123.11, for a total value of $124,341.10. Following the completion of the transaction, the executive vice president now owns 12,911 shares of the company’s stock, valued at $1,589,473.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the sale, the chief executive officer now owns 168,386 shares in the company, valued at $21,048,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,778 shares of company stock valued at $5,182,791. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FND. Riverview Trust Co acquired a new position in Floor & Decor during the 1st quarter worth approximately $26,000. Rise Advisors LLC bought a new position in shares of Floor & Decor during the 1st quarter worth approximately $39,000. J.Safra Asset Management Corp raised its holdings in Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Floor & Decor by 97.1% during the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after buying an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in Floor & Decor during the fourth quarter valued at $53,000.

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.