Q4 EPS Estimates for Floor & Decor Decreased by Analyst

Floor & Decor Holdings, Inc. (NYSE:FND) – Analysts at Telsey Advisory Group reduced their Q4 2024 earnings estimates for shares of Floor & Decor in a research note issued to investors on Thursday, October 31st. Telsey Advisory Group analyst J. Feldman now forecasts that the company will post earnings per share of $0.24 for the quarter, down from their previous estimate of $0.26. Telsey Advisory Group has a “Market Perform” rating and a $95.00 price target on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.66 per share. Telsey Advisory Group also issued estimates for Floor & Decor’s Q1 2025 earnings at $0.51 EPS, Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.36 EPS and FY2025 earnings at $2.13 EPS.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a net margin of 4.45% and a return on equity of 9.84%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm earned $0.61 EPS. The business’s quarterly revenue was up .9% compared to the same quarter last year.

Several other analysts have also recently weighed in on the stock. Guggenheim lowered their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Robert W. Baird decreased their target price on shares of Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Citigroup decreased their target price on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. Truist Financial decreased their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, Piper Sandler decreased their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average price target of $104.24.

Floor & Decor Stock Performance

Floor & Decor stock opened at $103.80 on Friday. The firm’s fifty day moving average price is $111.78 and its 200-day moving average price is $108.83. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17. The stock has a market cap of $11.12 billion, a P/E ratio of 57.64, a price-to-earnings-growth ratio of 13.59 and a beta of 1.80. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares during the period. Chris Bulman Inc purchased a new position in shares of Floor & Decor during the second quarter valued at about $30,000. J.Safra Asset Management Corp increased its position in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after buying an additional 372 shares during the period. RiverPark Advisors LLC increased its position in shares of Floor & Decor by 361.1% during the first quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock valued at $78,000 after buying an additional 473 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after buying an additional 189 shares during the period.

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.