Floor & Decor (NYSE:FND) Issues FY 2022 Earnings Guidance

Floor & Decor (NYSE:FND – Get Rating) updated its FY 2022 earnings guidance on Thursday. The company provided EPS guidance of $2.750-$3.000 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.840. The company issued revenue guidance of $4.29 billion-$4.38 billion, compared to the consensus revenue estimate of $4.24 billion.

A number of equities research analysts recently issued reports on the stock. Loop Capital dropped their price target on shares of Floor & Decor from $135.00 to $105.00 and set a hold rating on the stock in a research note on Monday, February 28th. Piper Sandler dropped their price target on shares of Floor & Decor from $167.00 to $136.00 in a research note on Friday, February 25th. Berenberg Bank reaffirmed a buy rating on shares of Floor & Decor in a research note on Monday, November 22nd. Citigroup lowered their target price on shares of Floor & Decor from $148.00 to $137.00 in a research note on Friday, February 25th. Finally, Jefferies Financial Group lowered their target price on shares of Floor & Decor from $150.00 to $146.00 and set a buy rating on the stock in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Buy and an average price target of $136.00.

Shares of FND traded up $2.20 during mid-day trading on Friday, reaching $103.64. The stock had a trading volume of 708,454 shares, compared to its average volume of 1,246,379. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.23 and a quick ratio of 0.26. Floor & Decor has a 52-week low of $83.20 and a 52-week high of $145.89. The business’s fifty day moving average is $100.89 and its 200 day moving average is $118.44. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 1.51 and a beta of 1.91.

Floor & Decor (NYSE:FND – Get Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.01). Floor & Decor had a net margin of 8.25{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and a return on equity of 21.65{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}. The firm had revenue of $914.30 million during the quarter, compared to analysts’ expectations of $911.34 million. During the same period in the prior year, the company posted $0.47 EPS. The company’s revenue for the quarter was up 26.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} compared to the same quarter last year. As a group, sell-side analysts anticipate that Floor & Decor will post 2.92 EPS for the current fiscal year.

In related news, Director William T. Giles bought 2,000 shares of the firm’s stock in a transaction on Tuesday, March 1st. The shares were bought at an average price of $96.00 per share, with a total value of $192,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.20{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Floor & Decor by 5.4{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} in the fourth quarter. BlackRock Inc. now owns 6,524,980 shares of the company’s stock valued at $848,314,000 after buying an additional 333,429 shares during the last quarter. Morgan Stanley lifted its position in shares of Floor & Decor by 132.5{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the second quarter. Morgan Stanley now owns 419,131 shares of the company’s stock worth $44,302,000 after purchasing an additional 238,848 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Floor & Decor by 4.3{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the fourth quarter. Stifel Financial Corp now owns 46,277 shares of the company’s stock worth $6,016,000 after purchasing an additional 1,926 shares in the last quarter. Millennium Management LLC lifted its position in shares of Floor & Decor by 139.4{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the fourth quarter. Millennium Management LLC now owns 10,932 shares of the company’s stock worth $1,421,000 after purchasing an additional 38,697 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Floor & Decor by 117.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,564 shares of the company’s stock worth $1,113,000 after purchasing an additional 58,564 shares in the last quarter. 98.20{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of the stock is currently owned by institutional investors.

Floor & Decor Company Profile (Get Rating)

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.

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