Floor & Decor (NYSE:FND) Announces Earnings Results, Beats Estimates By $0.02 EPS

Floor & Decor (NYSE:FND - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02, Briefing.com reports. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a return on equity of 11.97% and a net margin of 5.11%. The firm's quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. Floor & Decor updated its FY24 guidance to $1.75-$2.05 EPS.

Floor & Decor Price Performance

NYSE FND traded up $0.28 during trading hours on Friday, reaching $113.04. 2,307,069 shares of the stock traded hands, compared to its average volume of 1,240,906. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.14 and a quick ratio of 0.18. The stock has a 50 day simple moving average of $118.90 and a two-hundred day simple moving average of $106.27. Floor & Decor has a 1 year low of $76.30 and a 1 year high of $135.67. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 54.61, a price-to-earnings-growth ratio of 5.46 and a beta of 1.86.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Guggenheim lifted their target price on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a "buy" rating in a research note on Tuesday, February 27th. Wedbush reiterated an "outperform" rating and issued a $125.00 price objective on shares of Floor & Decor in a research note on Friday. Telsey Advisory Group restated a "market perform" rating and set a $110.00 target price on shares of Floor & Decor in a research report on Monday, April 29th. UBS Group reduced their price target on Floor & Decor from $135.00 to $125.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Stifel Nicolaus dropped their price objective on Floor & Decor from $115.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $108.76.

Insider Transactions at Floor & Decor

In related news, President Trevor Lang sold 13,000 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the completion of the sale, the president now owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, President Trevor Lang sold 13,000 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the transaction, the president now owns 170,844 shares of the company's stock, valued at approximately $21,061,648.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Thomas V. Taylor sold 20,000 shares of the business's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the sale, the chief executive officer now directly owns 174,315 shares of the company's stock, valued at $21,459,919.65. The disclosure for this sale can be found here. In the last three months, insiders sold 90,867 shares of company stock worth $11,016,089. 2.10% of the stock is currently owned by corporate insiders.

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.