FY2024 Earnings Forecast for Floor & Decor Issued By Wedbush

Floor & Decor Holdings, Inc. (NYSE:FND) – Research analysts at Wedbush raised their FY2024 EPS estimates for shares of Floor & Decor in a research note issued to investors on Friday, February 14th. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of $1.72 for the year, up from their prior estimate of $1.71. Wedbush has a “Neutral” rating and a $100.00 price objective on the stock. The consensus estimate for Floor & Decor’s current full-year earnings is $1.72 per share. Wedbush also issued estimates for Floor & Decor’s Q4 2024 earnings at $0.25 EPS, FY2025 earnings at $1.87 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $3.13 EPS.

A number of other analysts have also commented on FND. Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Telsey Advisory Group upgraded shares of Floor & Decor from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $95.00 to $115.00 in a research note on Friday, February 14th. The Goldman Sachs Group lowered shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price target for the company. in a research note on Thursday, January 30th. Piper Sandler reduced their price target on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $105.39.

Floor & Decor Stock Up 1.1 %

NYSE:FND opened at $98.64 on Monday. The firm has a market cap of $10.58 billion, a P/E ratio of 54.80, a P/E/G ratio of 11.51 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm has a 50-day simple moving average of $100.68 and a two-hundred day simple moving average of $106.12.

Hedge Funds Weigh In On Floor & Decor

Several large investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its holdings in Floor & Decor by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $2,971,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after purchasing an additional 110 shares in the last quarter. Advisory Research Inc. lifted its holdings in Floor & Decor by 0.7% during the fourth quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock valued at $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Floor & Decor by 3.6% during the fourth quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock valued at $341,000 after purchasing an additional 120 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Floor & Decor by 1.9% during the fourth quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after purchasing an additional 122 shares in the last quarter.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.