Floor & Decor (NYSE:FND – Get Rating) released an update to its fiscal 2022 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.75 to 3 $.00 for the period, compared to the consensus estimate of $2.90. The company released a revenue forecast of $4.29 billion to $4.38 billion, versus a consensus revenue estimate of $4.33 billion.
NYSE: FND was down $0.66 during midday trading on Monday, hitting $67.97. 19,335 shares of the company were traded, against an average volume of 1,253,275. The company has a quick ratio of 0.26, a current ratio of 1.21 and a leverage ratio of 0.14. The stock’s fifty-day moving average price is $83.51 and its 200-day moving average price is $103.86. The company has a market capitalization of $7.20 billion, a price-to-earnings ratio of 26.60, a growth price-to-earnings ratio of 0.94 and a beta of 1.76. Floor & Decor has a one-year minimum of $65.12 and a one-year maximum of $145.89.
Floor & Decor (NYSE:FND – Get Rating) last released quarterly earnings data on Thursday, May 5. The company reported earnings per share of $0.67 for the quarter, beating consensus analyst estimates of $0.65 by $0.02. The company posted revenue of $1.03 billion for the quarter, versus $1 billion for analysts. Floor & Decor achieved a return on equity of 20.21% and a net margin of 7.57%. The company’s quarterly revenue increased 31.5% year over year. During the same period of the previous year, the company achieved EPS of $0.68. Equity analysts predict that Floor & Decor will post an EPS of 2.89 for the current year.
Several analysts have recently commented on the stock. Citigroup cut its price target on shares of Floor & Decor from $137.00 to $106.00 in a Friday, May 13 research report. Loop Capital lowered its price target on Floor & Decor from $135.00 to $105.00 and set a holding rating on the stock in a research report on Monday, February 28. Wedbush reduced its target price on Floor & Decor from $130.00 to $100.00 and set an outperform rating for the company in a Friday, May 6 research report. Gordon Haskett upgraded Floor & Decor from a Buy rating to an Accumulate rating in a Friday, May 6 report. Finally, Wells Fargo & Company cut its price target on Floor & Decor shares from $130.00 to $105.00 and set an overweight rating for the company in a Thursday, April 7 report. Three equity research analysts gave the stock a hold rating and eleven gave the stock a buy rating. According to MarketBeat, the stock currently has a consensus buy rating and an average target price of $123.23.
In other Floor & Decor news, Director William T. Giles acquired 2,000 shares in a trade on Tuesday, March 1. The shares were acquired at an average price of $96.00 per share, for a total transaction of $192,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Insiders hold 2.70% of the shares of the company.
Hedge funds and other institutional investors have recently changed their positions in the company. Guggenheim Capital LLC increased its equity stake in Floor & Decor by 2.6% in the fourth quarter. Guggenheim Capital LLC now owns 5,364 shares of the company valued at $698,000 after acquiring 134 additional shares in the last quarter. Lazard Asset Management LLC increased its stake in Floor & Decor by 1.3% in the 1st quarter. Lazard Asset Management LLC now owns 10,982 shares of the company valued at $889,000 after purchasing an additional 141 shares in the last quarter. Prudential Financial Inc. increased its stake in Floor & Decor shares by 2.0% in Q1. Prudential Financial Inc. now owns 11,120 shares of the company valued at $900,000 after buying 216 more shares in the last quarter. Colony Group LLC increased its equity stake in Floor & Decor by 5.3% in Q4. Colony Group LLC now owns 6,679 shares of the company worth $868,000 after purchasing an additional 339 shares during the period. Finally, Mather Group LLC. increased its position in Floor & Decor shares by 14.2% during the 1st quarter. Mather Group LLC. now owns 2,884 shares of the company valued at $234,000 after buying 358 additional shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s shares.
About flooring and decoration (Get an assessment)
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and distributor of commercial flooring of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl and natural stone products, as well as decorative and installation accessories.
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