Brokerages Expect Floor & Decor Holdings Inc (FND) Will Post Quarterly Sales of $512.11 Million

Brokerages predict that Floor & Decor Holdings Inc (NYSE:FND) will post $512.11 million in sales for the current quarter, Zacks reports. Seven analysts have made estimates for Floor & Decor’s earnings. The lowest sales estimate is $506.40 million and the highest is $516.17 million. Floor & Decor posted sales of $434.28 million during the same quarter last year, which suggests a positive year over year growth rate of 17.9%. The company is expected to announce its next earnings report on Thursday, August 1st.

On average, analysts expect that Floor & Decor will report full year sales of $2.05 billion for the current year, with estimates ranging from $2.03 billion to $2.08 billion. For the next financial year, analysts forecast that the firm will report sales of $2.52 billion, with estimates ranging from $2.49 billion to $2.58 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Floor & Decor.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.01. Floor & Decor had a net margin of 6.45% and a return on equity of 18.19%. The business had revenue of $477.05 million during the quarter, compared to analyst estimates of $480.17 million. During the same period in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis.

A number of research firms have issued reports on FND. Telsey Advisory Group reissued an “outperform” rating and set a $44.00 target price (up from $40.00) on shares of Floor & Decor in a research note on Friday, February 22nd. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to an “accumulate” rating in a research note on Thursday, March 21st. Zacks Investment Research lowered shares of Floor & Decor from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Wedbush set a $43.00 target price on shares of Floor & Decor and gave the company a “buy” rating in a research note on Friday, February 22nd. Finally, Wells Fargo & Co reissued a “buy” rating and set a $45.00 target price on shares of Floor & Decor in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.08.

In other Floor & Decor news, CFO Trevor Lang sold 15,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $37.50, for a total transaction of $562,500.00. Following the sale, the chief financial officer now directly owns 153,669 shares in the company, valued at approximately $5,762,587.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director George Vincent West sold 150,000 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $43.95, for a total transaction of $6,592,500.00. Following the sale, the director now owns 150,000 shares in the company, valued at $6,592,500. The disclosure for this sale can be found here. Insiders have sold a total of 7,668,123 shares of company stock worth $292,988,420 over the last 90 days. 7.00% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in FND. Landsberg Bennett & Dubbaneh LLC bought a new stake in shares of Floor & Decor in the 1st quarter worth approximately $902,000. Frontier Capital Management Co. LLC raised its holdings in shares of Floor & Decor by 13.2% in the 4th quarter. Frontier Capital Management Co. LLC now owns 288,267 shares of the company’s stock worth $7,466,000 after purchasing an additional 33,518 shares in the last quarter. Madison Investment Holdings Inc. bought a new stake in shares of Floor & Decor in the 4th quarter worth approximately $21,106,000. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 24.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,502,767 shares of the company’s stock worth $135,848,000 after purchasing an additional 887,822 shares in the last quarter. Finally, LGT Capital Partners LTD. raised its holdings in shares of Floor & Decor by 39.3% in the 1st quarter. LGT Capital Partners LTD. now owns 62,000 shares of the company’s stock worth $2,556,000 after purchasing an additional 17,500 shares in the last quarter.

Floor & Decor stock traded down $1.83 during midday trading on Thursday, reaching $37.07. 2,050,900 shares of the stock traded hands, compared to its average volume of 1,267,700. The company has a quick ratio of 0.23, a current ratio of 1.32 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 1.53 and a beta of 1.78. Floor & Decor has a fifty-two week low of $23.30 and a fifty-two week high of $55.86.

About Floor & Decor

Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

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