Floor & Decor Holdings Inc (NYSE:FND) – Research analysts at Wedbush increased their Q1 2018 earnings per share (EPS) estimates for shares of Floor & Decor in a research report issued to clients and investors on Thursday, according to Zacks Investment Research. Wedbush analyst S. Basham now forecasts that the company will post earnings of $0.23 per share for the quarter, up from their prior estimate of $0.19. Wedbush currently has a “Outperform” rating and a $50.00 price target on the stock. Wedbush also issued estimates for Floor & Decor’s FY2018 earnings at $1.00 EPS, FY2019 earnings at $1.29 EPS and FY2020 earnings at $1.65 EPS.
Floor & Decor (NYSE:FND) last posted its quarterly earnings data on Thursday, March 1st. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. The firm had revenue of $389.50 million during the quarter, compared to analysts’ expectations of $388.63 million. Floor & Decor had a net margin of 7.42% and a return on equity of 21.26%. The company’s revenue was up 40.0% compared to the same quarter last year.
A number of other equities analysts have also recently weighed in on FND. BMO Capital Markets reaffirmed a “market perform” rating on shares of Floor & Decor in a research report on Monday, March 5th. Wells Fargo & Co reiterated a “hold” rating and set a $47.00 target price on shares of Floor & Decor in a report on Thursday, March 1st. Zacks Investment Research lowered shares of Floor & Decor from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 6th. Gordon Haskett initiated coverage on shares of Floor & Decor in a report on Thursday, February 15th. They set an “accumulate” rating and a $50.00 target price on the stock. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $54.00 target price (up from $47.00) on shares of Floor & Decor in a report on Monday, January 8th. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.59.
Floor & Decor (NYSE:FND) traded up $1.05 during trading hours on Monday, hitting $47.47. 512,286 shares of the company were exchanged, compared to its average volume of 682,059. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.21. The stock has a market cap of $4,397.23 and a PE ratio of 45.96. Floor & Decor has a 1 year low of $29.37 and a 1 year high of $51.48.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in shares of Floor & Decor by 8.7% in the 4th quarter. Rhumbline Advisers now owns 19,686 shares of the company’s stock valued at $958,000 after purchasing an additional 1,577 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Floor & Decor by 17.1% in the 3rd quarter. Brighton Jones LLC now owns 11,834 shares of the company’s stock valued at $461,000 after purchasing an additional 1,731 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Floor & Decor by 13.9% in the 4th quarter. Advisor Group Inc. now owns 16,626 shares of the company’s stock valued at $810,000 after purchasing an additional 2,027 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $110,000. Finally, FNY Partners Fund LP acquired a new stake in shares of Floor & Decor in the 3rd quarter valued at $116,000. Institutional investors and hedge funds own 94.51% of the company’s stock.
In other news, EVP Brian K. Robbins sold 3,600 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total value of $180,000.00. Following the sale, the executive vice president now directly owns 7,160 shares in the company, valued at approximately $358,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Thomas V. Taylor sold 155,392 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $45.71, for a total transaction of $7,102,968.32. Following the completion of the sale, the chief executive officer now owns 24,726 shares in the company, valued at $1,130,225.46. The disclosure for this sale can be found here. Insiders sold a total of 602,069 shares of company stock worth $27,704,092 over the last 90 days.
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About Floor & Decor
Floor & Decor Holdings, Inc, formerly FDO Holdings, Inc, is a retailer of hard surface flooring and related accessories. The Company retails its products such as tile, stone, wood, marble, glass and decoratives. The Company has 72 stores across 17 states in the United States. The Company provides its products to customers, including professional installers and commercial businesses (Pro), Do it Yourself customers (DIY) and customers who buy the products for professional installation (Buy it Yourself or BIY).
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