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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Floor & Decor in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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 12-month price objectives for Floor & Decor's shares. Their FND share price forecasts range from $86.00 to $122.00. On average, they anticipate the company's stock price to reach $104.18 in the next year. This suggests a possible upside of 15.9% from the stock's current price.
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Floor & Decor's stock was trading at $69.63 on January 1st, 2023. Since then, FND shares have increased by 29.1% and is now trading at $89.90.
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Floor & Decor saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 13,830,000 shares, an increase of 9.2% from the August 15th total of 12,670,000 shares. Based on an average daily volume of 1,180,000 shares, the days-to-cover ratio is currently 11.7 days. Approximately 13.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Floor & Decor Holdings, Inc. (NYSE:FND) released its earnings results on Thursday, August, 3rd. The company reported $0.66 EPS for the quarter, meeting analysts' consensus estimates of $0.66. The business earned $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. Floor & Decor had a net margin of 6.55% and a trailing twelve-month return on equity of 16.94%. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS.

ETFs with the largest weight of Floor & Decor (NYSE:FND) stock in their portfolio include SPDR S&P Homebuilders ETF (XHB), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), Procure Disaster Recovery Strategy ETF (FIXT), Procure Disaster Recovery Strategy ETF (FEMA), iShares U.S. Home Construction ETF (ITB), Capital Group Global Growth Equity ETF (CGGO), Corbett Road Tactical Opportunity ETF (OPPX) and First Trust Consumer Discretionary AlphaDEX Fund (FXD).

Floor & Decor updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $2.30-$2.50 for the period, compared to the consensus estimate of $2.63. The company issued revenue guidance of $4.46 billion-$4.53 billion, compared to the consensus revenue estimate of $4.63 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 IPO 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 shareholders include Capital World Investors (10.14%), BlackRock Inc. (8.91%), WCM Investment Management LLC (4.15%), Wasatch Advisors LP (2.44%), Sands Capital Management LLC (2.40%) and Baillie Gifford & Co. (2.39%). Insiders that own company stock include Brian K Robbins, 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 $89.90.

Floor & Decor (NYSE:FND) has a market capitalization of $9.57 billion and generates $4.26 billion in revenue each year. The company earns $298.20 million in net income (profit) each year or $2.67 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.