Floor & Decor Holdings, Inc. (NYSE:FND) announced its quarterly earnings data on Thursday. The company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20, Briefing.com reports. The firm had revenue of $344 million for the quarter, compared to analysts’ expectations of $343.73 million. Floor & Decor Holdings’s revenue for the quarter was up 29.4% on a year-over-year basis. Floor & Decor Holdings updated its Q3 guidance to $0.12-0.14 EPS and its FY17 guidance to $0.57-0.60 EPS.
Shares of Floor & Decor Holdings (NYSE:FND) traded down 6.72% during mid-day trading on Friday, hitting $35.54. 2,137,365 shares of the stock were exchanged. Floor & Decor Holdings has a 12 month low of $29.37 and a 12 month high of $46.99. The stock’s 50 day moving average is $38.32 and its 200-day moving average is $37.85. The stock has a market cap of $2.97 billion and a PE ratio of 66.31.
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Several brokerages recently commented on FND. UBS AG began coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They set a “neutral” rating and a $39.00 price objective on the stock. Piper Jaffray Companies began coverage on shares of Floor & Decor Holdings in a research report on Monday, May 22nd. They set a “neutral” rating and a $40.00 price objective on the stock. Credit Suisse Group set a $43.00 price objective on shares of Floor & Decor Holdings and gave the company a “buy” rating in a research report on Sunday, May 28th. Telsey Advisory Group increased their price objective on shares of Floor & Decor Holdings from $38.00 to $39.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Bank of America Corporation reissued a “neutral” rating and set a $42.00 price objective (up from $40.00) on shares of Floor & Decor Holdings in a research report on Sunday, May 28th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.33.
In other Floor & Decor Holdings news, EVP Brian K. Robbins purchased 3,560 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average price of $21.00 per share, for a total transaction of $74,760.00. Following the completion of the purchase, the executive vice president now owns 3,560 shares of the company’s stock, valued at $74,760. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Corporate Opportunities F. Ares sold 6,772,781 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $38.50, for a total value of $260,752,068.50. The disclosure for this sale can be found here. Insiders have sold 7,118,047 shares of company stock worth $274,044,810 in the last 90 days.
About Floor & Decor Holdings
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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