Floor & Decor Holdings Inc (NYSE:FND) – Research analysts at Jefferies Group issued their FY2022 earnings estimates for shares of Floor & Decor in a report issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst D. Binder anticipates that the company will post earnings per share of $2.43 for the year.
A number of other brokerages have also issued reports on FND. Zacks Investment Research lowered shares of Floor & Decor from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 6th. BMO Capital Markets dropped their target price on shares of Floor & Decor from $54.00 to $50.00 and set a “hold” rating on the stock in a research report on Friday, March 2nd. Wedbush reaffirmed an “outperform” rating and set a $50.00 target price on shares of Floor & Decor in a research report on Thursday, March 1st. Wells Fargo & Co set a $45.00 target price on shares of Floor & Decor and gave the stock a “hold” rating in a research report on Monday, January 8th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $54.00 target price (up previously from $47.00) on shares of Floor & Decor in a research report on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Floor & Decor presently has an average rating of “Hold” and a consensus target price of $45.59.
Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, March 1st. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. Floor & Decor had a net margin of 7.42% and a return on equity of 21.26%. The company had revenue of $389.50 million for the quarter, compared to analyst estimates of $388.63 million. The business’s quarterly revenue was up 40.0% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pier Capital LLC acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $7,007,000. Macquarie Group Ltd. boosted its stake in shares of Floor & Decor by 117.3% in the 4th quarter. Macquarie Group Ltd. now owns 29,509 shares of the company’s stock valued at $1,436,000 after purchasing an additional 15,928 shares in the last quarter. Lido Advisors LLC acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $250,000. TIAA CREF Investment Management LLC boosted its stake in shares of Floor & Decor by 1,581.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 790,583 shares of the company’s stock valued at $38,486,000 after purchasing an additional 743,553 shares in the last quarter. Finally, Raymond James & Associates acquired a new stake in shares of Floor & Decor in the 4th quarter valued at $894,000. Hedge funds and other institutional investors own 94.51% of the company’s stock.
In other Floor & Decor news, CFO Trevor Lang sold 44,322 shares of Floor & Decor stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $50.00, for a total transaction of $2,216,100.00. Following the sale, the chief financial officer now owns 182,991 shares in the company, valued at $9,149,550. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Victor Christopherson sold 16,091 shares of Floor & Decor stock in a transaction on Friday, December 15th. The stock was sold at an average price of $43.33, for a total transaction of $697,223.03. Following the sale, the senior vice president now owns 24,383 shares in the company, valued at approximately $1,056,515.39. The disclosure for this sale can be found here. Insiders have sold 602,069 shares of company stock worth $27,704,092 in the last quarter.
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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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