Floor & Decor (NYSE:FND) Releases FY24 Earnings Guidance

Floor & Decor (NYSE:FND - Get Free Report) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.75-$2.05 for the period, compared to the consensus estimate of $1.90. The company issued revenue guidance of $4.60-$4.77 billion, compared to the consensus revenue estimate of $4.67 billion.

Wall Street Analysts Forecast Growth

Several research firms have commented on FND. Evercore ISI decreased their price objective on shares of Floor & Decor from $125.00 to $120.00 and set an in-line rating for the company in a research note on Tuesday, April 16th. Barclays increased their price objective on shares of Floor & Decor from $66.00 to $75.00 and gave the company an underweight rating in a research note on Thursday, January 4th. Telsey Advisory Group reiterated a market perform rating and issued a $110.00 price objective on shares of Floor & Decor in a research note on Monday. TD Cowen began coverage on shares of Floor & Decor in a research note on Wednesday, April 10th. They issued a hold rating and a $125.00 price objective for the company. Finally, The Goldman Sachs Group increased their price objective on shares of Floor & Decor from $71.00 to $79.00 and gave the company a neutral rating in a research note on Monday, February 26th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $110.19.

Floor & Decor Stock Performance

FND traded up $3.51 on Thursday, hitting $112.80. The company's stock had a trading volume of 2,182,495 shares, compared to its average volume of 1,389,922. The company's 50 day simple moving average is $119.00 and its 200-day simple moving average is $105.88. The firm has a market cap of $12.04 billion, a P/E ratio of 48.14, a price-to-earnings-growth ratio of 5.31 and a beta of 1.86. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The company has a quick ratio of 0.18, a current ratio of 1.14 and a debt-to-equity ratio of 0.10.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.27 by $0.07. Floor & Decor had a net margin of 5.57% and a return on equity of 13.38%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm earned $0.64 EPS. Floor & Decor's revenue for the quarter was up .0% on a year-over-year basis. Analysts forecast that Floor & Decor will post 1.92 EPS for the current year.

Insider Buying and Selling at Floor & Decor

In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares of the company's stock, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Floor & Decor news, CFO Bryan Langley sold 5,865 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $119.86, for a total value of $702,978.90. Following the completion of the transaction, the chief financial officer now directly owns 17,422 shares of the company's stock, valued at approximately $2,088,200.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO David Victor Christopherson sold 6,850 shares of the firm's stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $118.70, for a total transaction of $813,095.00. Following the completion of the transaction, the chief accounting officer now directly owns 25,271 shares of the company's stock, valued at $2,999,667.70. The disclosure for this sale can be found here. Insiders sold a total of 90,867 shares of company stock valued at $11,016,089 in the last three months. Company insiders own 2.10% of the company's stock.

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.