FY2024 Earnings Forecast for Floor & Decor Issued By Wedbush

Floor & Decor Holdings, Inc. (NYSE:FND) – Wedbush increased their FY2024 earnings estimates for Floor & Decor in a report issued on Friday, February 14th. Wedbush analyst S. Basham now forecasts that the company will post earnings of $1.72 per share for the year, up from their previous estimate of $1.71. Wedbush currently has a “Neutral” rating and a $100.00 target price on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.72 per share. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.25 EPS, FY2025 earnings at $1.87 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $3.13 EPS.

Several other equities analysts also recently commented on FND. Piper Sandler lowered their target price on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target on the stock. in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Telsey Advisory Group upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $95.00 to $115.00 in a research report on Friday, February 14th. Finally, Mizuho boosted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Floor & Decor has an average rating of “Hold” and a consensus target price of $105.39.

Floor & Decor Price Performance

FND stock opened at $98.64 on Monday. Floor & Decor has a one year low of $89.06 and a one year high of $135.67. The company’s fifty day moving average price is $100.68 and its 200-day moving average price is $106.12. 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 company has a market capitalization of $10.58 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 11.51 and a beta of 1.83.

Institutional Investors Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently made changes to their positions in the company. Conway Capital Management Inc. purchased a new stake in shares of Floor & Decor in the third quarter valued at $1,090,000. Massachusetts Financial Services Co. MA increased its stake in Floor & Decor by 221.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after buying an additional 333,338 shares during the period. Sanctuary Advisors LLC increased its stake in Floor & Decor by 7.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company’s stock worth $338,000 after buying an additional 180 shares during the period. Citigroup Inc. increased its stake in Floor & Decor by 27.2% in the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after buying an additional 16,569 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after buying an additional 12,109 shares during the period.

Floor & Decor Company Profile

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.