Floor & Decor (NYSE:FND) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Floor & Decor (NYSE:FND) posted its quarterly earnings data on Thursday. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02, Briefing.com reports. Floor & Decor had a net margin of 5.11% and a return on equity of 11.97%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.66 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. Floor & Decor updated its FY24 guidance to $1.75-$2.05 EPS.

Floor & Decor Price Performance

Shares of FND stock traded up $0.28 during trading hours on Friday, reaching $113.04. 2,307,069 shares of the company were exchanged, compared to its average volume of 1,240,906. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock’s fifty day moving average is $118.90 and its two-hundred day moving average is $106.12. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 54.61, a P/E/G ratio of 5.46 and a beta of 1.86. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18.

Insider Transactions at Floor & Decor

In other news, CAO David Victor Christopherson sold 6,850 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO David Victor Christopherson sold 6,850 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total value of $813,095.00. Following the transaction, the chief accounting officer now directly owns 25,271 shares in the company, valued at $2,999,667.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Trevor Lang sold 13,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the transaction, the president now owns 170,844 shares in the company, valued at $21,061,648.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 90,867 shares of company stock worth $11,016,089. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Monday, April 29th. Bank of America upped their target price on shares of Floor & Decor from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Mizuho lowered their target price 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. Guggenheim upped their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. Finally, Wedbush reissued an “outperform” rating and issued a $125.00 target price on shares of Floor & Decor in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $108.76.

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.