Floor & Decor Holdings Inc (NYSE:FND) – Equities researchers at Jefferies Financial Group raised their Q4 2019 EPS estimates for Floor & Decor in a report released on Friday, August 2nd, according to Zacks Investment Research. Jefferies Financial Group analyst J. Matuszewski now anticipates that the company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.21. Jefferies Financial Group also issued estimates for Floor & Decor’s Q4 2020 earnings at $0.36 EPS.
Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. Floor & Decor had a net margin of 6.35% and a return on equity of 18.32%. The business had revenue of $520.31 million during the quarter, compared to analyst estimates of $510.73 million. During the same period last year, the firm posted $0.27 EPS. The company’s revenue was up 19.8% on a year-over-year basis.
Other research analysts have also issued reports about the stock. Wedbush raised their target price on shares of Floor & Decor from $40.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Goldman Sachs Group started coverage on shares of Floor & Decor in a report on Thursday, July 11th. They issued a “neutral” rating and a $45.00 target price for the company. UBS Group cut their target price on shares of Floor & Decor from $55.00 to $51.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 target price (down from $44.00) on shares of Floor & Decor in a report on Friday, May 3rd. Finally, Stephens started coverage on shares of Floor & Decor in a report on Tuesday, April 23rd. They issued a “weight” rating and a $56.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.48.
FND traded up $1.38 during trading on Monday, reaching $45.16. 842,400 shares of the company traded hands, compared to its average volume of 1,213,440. The firm has a fifty day simple moving average of $41.76 and a 200 day simple moving average of $40.43. Floor & Decor has a 12-month low of $23.30 and a 12-month high of $48.72. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.28 and a current ratio of 1.33. The company has a market cap of $4.24 billion, a P/E ratio of 46.56, a PEG ratio of 1.62 and a beta of 2.13.
In other news, major shareholder Fs Equity Partners Vi, L.P. sold 3,500,000 shares of Floor & Decor stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $43.00, for a total transaction of $150,500,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Trevor Lang sold 40,000 shares of Floor & Decor stock in a transaction on Friday, June 14th. The stock was sold at an average price of $38.88, for a total value of $1,555,200.00. Following the sale, the chief financial officer now owns 178,669 shares of the company’s stock, valued at $6,946,650.72. The disclosure for this sale can be found here. Insiders have sold 4,373,059 shares of company stock valued at $187,742,559 over the last ninety days. 7.00% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of Floor & Decor by 2.9% during the first quarter. US Bancorp DE now owns 9,489 shares of the company’s stock worth $392,000 after purchasing an additional 269 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Floor & Decor by 10.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,725 shares of the company’s stock valued at $156,000 after acquiring an additional 346 shares in the last quarter. First Mercantile Trust Co. raised its holdings in shares of Floor & Decor by 10.9% in the second quarter. First Mercantile Trust Co. now owns 4,920 shares of the company’s stock valued at $206,000 after acquiring an additional 485 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of Floor & Decor by 18.3% in the first quarter. Metropolitan Life Insurance Co NY now owns 4,395 shares of the company’s stock valued at $181,000 after acquiring an additional 680 shares in the last quarter. Finally, Zions Bancorporation N.A. bought a new stake in shares of Floor & Decor in the first quarter valued at about $32,000.
About Floor & Decor
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.