FY2024 Earnings Forecast for Floor & Decor Issued By Wedbush

Floor & Decor Holdings, Inc. (NYSE:FND) – Equities research analysts at Wedbush boosted their FY2024 earnings per share estimates for shares of Floor & Decor in a research note issued on Thursday, October 31st. Wedbush analyst S. Basham now anticipates that the company will earn $1.71 per share for the year, up from their previous forecast of $1.62. Wedbush currently has a “Outperform” rating and a $110.00 price target on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.71 per share. Wedbush also issued estimates for Floor & Decor’s Q3 2025 earnings at $0.61 EPS, FY2025 earnings at $1.86 EPS and FY2026 earnings at $2.44 EPS.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.61 earnings per share.

Other equities research analysts have also issued reports about the company. Guggenheim reduced their price objective on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Citigroup decreased their price objective on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Stifel Nicolaus increased their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a report on Monday. Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Finally, Wells Fargo & Company increased their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Stock Down 0.8 %

Floor & Decor stock opened at $108.66 on Monday. The stock has a market cap of $11.64 billion, a PE ratio of 60.37, a price-to-earnings-growth ratio of 13.57 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The stock has a fifty day moving average of $111.59 and a 200 day moving average of $108.79. Floor & Decor has a one year low of $76.30 and a one year high of $135.67.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently bought and sold shares of FND. Capital Research Global Investors grew its position in shares of Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock worth $1,020,348,000 after buying an additional 1,334,650 shares in the last quarter. XN LP acquired a new position in Floor & Decor during the 2nd quarter worth approximately $70,177,000. Lord Abbett & CO. LLC purchased a new stake in shares of Floor & Decor in the 1st quarter valued at approximately $24,791,000. Natixis Advisors LLC raised its holdings in shares of Floor & Decor by 94.7% in the 2nd quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock valued at $35,459,000 after purchasing an additional 173,518 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Floor & Decor during the 2nd quarter worth $14,953,000.

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.