Floor & Decor Holdings, Inc. Expected to Earn FY2024 Earnings of $3.70 Per Share (NYSE:FND)
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Flooring & Decor Holdings, Inc. (NYSE:FND – Get Ranking) – Analysts at Telsey Advisory Team reduced their FY2024 earnings for each share estimates for Flooring & Decor in a analysis report issued to consumers and traders on Thursday, February 16th. Telsey Advisory Group analyst J. Feldman now expects that the firm will get paid $3.70 for every share for the year, down from their prior estimate of $4.14. Telsey Advisory Team at the moment has a “Market Perform” ranking and a $90.00 goal rate on the inventory. The consensus estimate for Floor & Decor’s latest full-year earnings is $2.67 per share.
Other analysts have also issued research stories about the organization. Sanford C. Bernstein assumed protection on Floor & Decor in a report on Tuesday, December 6th. They established an “outperform” rating and a $112.00 focus on value for the company. Morgan Stanley increased their rate goal on Floor & Decor from $75.00 to $80.00 and gave the enterprise an “equivalent excess weight” rating in a report on Tuesday, January 17th. Credit Suisse Team initiated coverage on Floor & Decor in a investigation note on Monday, December 19th. They issued a “neutral” score and a $80.00 goal price for the firm. Piper Sandler greater their cost target on Flooring & Decor from $66.00 to $86.00 in a study report on Wednesday, February 15th. Last but not least, Barclays commenced protection on Ground & Decor in a report on Tuesday, February 7th. They issued an “underweight” rating and a $88.00 price goal on the inventory. A person analysis analyst has rated the stock with a provide ranking, eight have issued a hold score and 8 have issued a purchase ranking to the stock. In accordance to MarketBeat, Ground & Decor presently has an typical rating of “Keep” and an ordinary goal selling price of $94.47.
Flooring & Decor Stock Down 3.3 {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Shares of NYSE:FND opened at $94.50 on Monday. Ground & Decor has a 52-7 days minimal of $59.91 and a 52-7 days large of $104.83. The stock has a market cap of $10.03 billion, a P/E ratio of 36.49, a rate-to-earnings-expansion ratio of 1.39 and a beta of 1.82. The business’s 50 day transferring typical is $83.72 and its 200 working day going regular is $79.69. The enterprise has a brief ratio of .17, a current ratio of 1.41 and a debt-to-fairness ratio of .23.
Institutional Traders Weigh In On Ground & Decor
Institutional buyers have recently acquired and bought shares of the inventory. Place72 Center East FZE obtained a new stake in shares of Flooring & Decor all through the 4th quarter worth $2,152,000. Captrust Economic Advisors lifted its position in shares of Flooring & Decor by 51.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the course of the fourth quarter. Captrust Economic Advisors now owns 5,063 shares of the firm’s inventory value $353,000 following getting an added 1,714 shares throughout the very last quarter. Steadfast Cash Management LP lifted its holdings in Flooring & Decor by 105.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the fourth quarter. Steadfast Funds Administration LP now owns 375,869 shares of the firm’s inventory well worth $26,172,000 right after attaining an additional 192,817 shares in the course of the past quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Ground & Decor by 10.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} all through the fourth quarter. Schonfeld Strategic Advisors LLC now owns 11,358 shares of the company’s stock valued at $791,000 immediately after buying an additional 1,058 shares throughout the final quarter. Finally, Snowhook Capital Administration LP acquired a new stake in shares of Floor & Decor during the fourth quarter valued at close to $4,723,000.
About Ground & Decor
Flooring & Decor Holdings, Inc engages in the retail of tricky surface area flooring and associated add-ons. It offers wood, stone, and flooring products and solutions. Its items include vinyl, laminate, and tiles with components set up for residing rooms, kitchen area, bathrooms, and walls. The organization was launched by George Vincent West in 2000 and is headquartered in Atlanta, GA.
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