FY2024 Earnings Forecast for Floor & Decor Issued By Wedbush

Floor & Decor Holdings, Inc. (NYSE:FND) – Stock analysts at Wedbush boosted their FY2024 EPS estimates for shares of Floor & Decor in a note issued to investors on Thursday, October 31st. Wedbush analyst S. Basham now expects that the company will earn $1.71 per share for the year, up from their prior forecast of $1.62. Wedbush currently has a “Outperform” rating and a $110.00 target price on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.71 per share. Wedbush also issued estimates for Floor & Decor’s Q3 2025 earnings at $0.61 EPS, FY2025 earnings at $1.86 EPS and FY2026 earnings at $2.44 EPS.

Several other equities research analysts also recently issued reports on FND. Citigroup cut their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Truist Financial reduced their price target on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. JPMorgan Chase & Co. lowered their price objective on Floor & Decor from $99.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Melius Research initiated coverage on shares of Floor & Decor in a research report on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price for the company. Finally, Guggenheim lowered their price target 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. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Floor & Decor has a consensus rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Stock Down 0.8 %

FND opened at $108.66 on Monday. The stock’s fifty day simple moving average is $111.59 and its 200 day simple moving average is $108.79. Floor & Decor has a 1-year low of $76.30 and a 1-year high of $135.67. The stock has a market cap of $11.64 billion, a PE ratio of 60.37, a price-to-earnings-growth ratio of 13.57 and a beta of 1.83. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.61 earnings per share.

Institutional Trading of Floor & Decor

Several institutional investors have recently added to or reduced their stakes in the business. Chris Bulman Inc purchased a new stake in Floor & Decor in the 2nd quarter worth approximately $30,000. Blue Trust Inc. lifted its stake in Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after acquiring an additional 196 shares during the period. J.Safra Asset Management Corp boosted its holdings in Floor & Decor by 630.5% in the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after acquiring an additional 372 shares in the last quarter. GAMMA Investing LLC increased its position in Floor & Decor by 36.7% during the 2nd quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the period. Finally, RiverPark Advisors LLC raised its holdings in Floor & Decor by 361.1% in the 1st quarter. RiverPark Advisors LLC now owns 604 shares of the company’s stock worth $78,000 after purchasing an additional 473 shares in the last quarter.

Floor & Decor Company Profile

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.