William Blair Boosts Earnings Estimates for Floor & Decor

Floor & Decor Holdings, Inc. (NYSE:FND) – Equities research analysts at William Blair upped their FY2024 earnings per share (EPS) estimates for Floor & Decor in a research note issued on Wednesday, October 30th. William Blair analyst P. Blee now expects that the company will earn $1.74 per share for the year, up from their previous estimate of $1.70. The consensus estimate for Floor & Decor’s current full-year earnings is $1.68 per share. William Blair also issued estimates for Floor & Decor’s FY2025 earnings at $2.12 EPS.

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

A number of other research analysts also recently issued reports on the company. Guggenheim cut their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Wedbush reaffirmed an “outperform” rating and set a $110.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company raised their target price on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Finally, Mizuho lifted their price objective 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. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Floor & Decor has an average rating of “Hold” and an average target price of $104.37.

Floor & Decor Stock Up 5.5 %

Shares of Floor & Decor stock opened at $109.49 on Monday. The stock has a market cap of $11.73 billion, a price-to-earnings ratio of 60.83, a PEG ratio of 13.68 and a beta of 1.83. The firm’s 50-day moving average is $111.62 and its two-hundred day moving average is $108.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.27. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Floor & Decor by 242.0% during the 3rd quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the period. Chris Bulman Inc acquired a new position in Floor & Decor in the second quarter valued at about $30,000. J.Safra Asset Management Corp increased its position in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares during the last quarter. RiverPark Advisors LLC raised its stake in shares of Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after acquiring an additional 473 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock worth $70,000 after purchasing an additional 189 shares during the period.

Floor & Decor Company Profile

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.