Floor & Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor 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. As of May 5, 2022, the company operated 166 warehouse-format stores and five design studios in 34 states. It also sells products through its Website, FloorandDecor.com. The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017. Floor & Decor Holdings, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on FND shares. Wells Fargo & Company reduced their target price on Floor & Decor from $105.00 to $95.00 and set an "overweight" rating for the company in a report on Wednesday, June 8th. Robert W. Baird reduced their target price on Floor & Decor from $130.00 to $110.00 in a report on Monday, May 2nd. MKM Partners started coverage on Floor & Decor in a report on Thursday, June 23rd. They issued a "neutral" rating and a $65.00 target price for the company. Morgan Stanley reduced their target price on Floor & Decor from $105.00 to $100.00 and set an "equal weight" rating for the company in a report on Monday. Finally, The Goldman Sachs Group lowered Floor & Decor from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $109.00 to $64.00 in a report on Monday, June 27th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Floor & Decor currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.71.
Floor & Decor Trading Down 0.7 %
Shares of FND Stock opened at $92.25 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.14 and a current ratio of 1.26. Floor & Decor has a 52-week low of $59.91 and a 52-week high of $145.89. The company has a market capitalization of $9.77 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 1.41 and a beta of 1.85. The business's fifty day moving average is $73.25 and its 200 day moving average is $83.55.
Floor & Decor (NYSE:FND - Get Rating) last released its earnings results on Thursday, August 4th. The company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. Floor & Decor had a return on equity of 19.25% and a net margin of 7.09%. The firm's revenue was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 earnings per share. On average, equities research analysts anticipate that Floor & Decor will post 2.73 EPS for the current fiscal year.