Brokers Offer Predictions for Floor & Decor FY2024 Earnings

Floor & Decor Holdings, Inc. (NYSE:FND) – Research analysts at Wedbush lifted their FY2024 earnings estimates for Floor & Decor in a report issued on Thursday, October 31st. Wedbush analyst S. Basham now expects that the company will post earnings per share of $1.71 for the year, up from their prior forecast of $1.62. Wedbush has a “Outperform” rating and a $110.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.68 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.

Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share 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 9.69%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the company posted $0.61 EPS. The company’s quarterly revenue was up .9% compared to the same quarter last year.

Other analysts have also recently issued research reports about the stock. Truist Financial dropped their target price on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus boosted their price target on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday. Melius Research started coverage on shares of Floor & Decor in a research note on Monday, September 23rd. They issued a “sell” rating and a $80.00 target price for the company. Piper Sandler cut their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research report on Monday, October 28th. Finally, TD Cowen reduced their target price on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating for the company in a report on Friday, July 12th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $104.37.

Floor & Decor Price Performance

Shares of FND stock opened at $109.49 on Monday. The firm has a market cap of $11.73 billion, a price-to-earnings ratio of 60.83, a PEG ratio of 13.68 and a beta of 1.83. The company has a quick ratio of 0.27, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67. The stock has a 50-day moving average price of $111.62 and a 200 day moving average price of $108.79.

Institutional Trading of Floor & Decor

A number of institutional investors and hedge funds have recently bought and sold shares of FND. Versor Investments LP bought a new position in shares of Floor & Decor in the 3rd quarter worth about $935,000. Venturi Wealth Management LLC raised its holdings in shares of Floor & Decor by 45.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 3,412 shares of the company’s stock worth $424,000 after acquiring an additional 1,064 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Floor & Decor by 5.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,290 shares of the company’s stock valued at $906,000 after purchasing an additional 350 shares during the last quarter. Atria Investments Inc increased its holdings in Floor & Decor by 4.0% during the 3rd quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock worth $870,000 after purchasing an additional 267 shares in the last quarter. Finally, Bridges Investment Management Inc. raised its stake in shares of Floor & Decor by 2,010.5% in the third quarter. Bridges Investment Management Inc. now owns 88,027 shares of the company’s stock worth $10,930,000 after purchasing an additional 83,856 shares during 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.