Floor & Decor (FND) Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Floor & Decor in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FND shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FND, but not buy additional shares or sell existing shares.
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17 Wall Street research analysts have issued twelve-month price objectives for Floor & Decor's stock. Their FND share price forecasts range from $64.00 to $112.00. On average, they anticipate the company's share price to reach $92.00 in the next twelve months. This suggests that the stock has a possible downside of 0.9%.
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Floor & Decor's stock was trading at $69.63 at the beginning of 2023. Since then, FND shares have increased by 33.4% and is now trading at $92.88.
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Floor & Decor saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 11,990,000 shares, an increase of 9.7% from the April 30th total of 10,930,000 shares. Based on an average daily trading volume, of 1,380,000 shares, the short-interest ratio is presently 8.7 days. Approximately 11.5% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Floor & Decor Holdings, Inc. (NYSE:FND) issued its quarterly earnings results on Thursday, May, 4th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by $0.01. The company earned $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. Floor & Decor had a trailing twelve-month return on equity of 18.37% and a net margin of 6.86%. The firm's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.67 EPS.

ETFs with the largest weight of Floor & Decor (NYSE:FND) stock in their portfolio include SPDR S&P Homebuilders ETF (XHB), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Innovator IBD 50 ETF (FFTY), iShares U.S. Home Construction ETF (ITB), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Capital Group Global Growth Equity ETF (CGGO), First Trust Multi-Manager Large Growth ETF (MMLG) and Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL).

Floor & Decor issued an update on its FY 2023 earnings guidance on Thursday, May, 4th. The company provided earnings per share guidance of $2.55-$2.85 for the period, compared to the consensus estimate of $2.70. The company issued revenue guidance of $4.61 billion-$4.75 billion, compared to the consensus revenue estimate of $4.66 billion.

310 employees have rated Floor & Decor Chief Executive Officer Tom Taylor on Glassdoor.com. Tom Taylor has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Floor & Decor investors own include Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), NVIDIA (NVDA), AbbVie (ABBV), Adobe (ADBE), AT&T (T), Verizon Communications (VZ), Applied Materials (AMAT) and Bank of America (BAC).

(FND) raised $145 million in an initial public offering on Thursday, April 27th 2017. The company issued 8,800,000 shares at $15.00-$18.00 per share. BofA Merrill Lynch, Barclays, Credit Suisse and UBS Securities acted as the underwriters for the IPO and Goldman, Sachs, Jefferies, Piper Jaffray, Wells Fargo Securities and Houlihan Lokey were co-managers.

Floor & Decor trades on the New York Stock Exchange (NYSE) under the ticker symbol "FND."

Floor & Decor's stock is owned by a number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (11.18%), BlackRock Inc. (7.48%), WCM Investment Management LLC (4.18%), FMR LLC (3.45%), Sands Capital Management LLC (3.13%) and Wasatch Advisors LP (2.70%). Insiders that own company stock include Brian K Robbins, Corporate Opportunities F Ares, David Victor Christopherson, George Vincent West, Lisa Laube, Norman Axelrod, Peter Starrett, Richard L Sullivan, Ryan Marshall, Steven Alan Denny, Thomas V Taylor, Thomas V Taylor, Trevor Lang and William T Giles.
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Shares of FND stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FND stock can currently be purchased for approximately $92.88.

Floor & Decor (NYSE:FND) has a market capitalization of $9.87 billion and generates $4.26 billion in revenue each year. The company earns $298.20 million in net income (profit) each year or $2.77 on an earnings per share basis.

The company employs 11,985 workers across the globe.

Floor & Decor's mailing address is 2500 Windy Ridge Parkway SE, Atlanta GA, 30339. The official website for the company is www.flooranddecor.com. The company can be reached via phone at (404) 471-1634 or via email at investorrelations@flooranddecor.com.