Zacks: Analysts Expect Floor & Decor Holdings Inc (NYSE:FND) Will Announce Quarterly Sales of $523.92 Million

Equities analysts predict that Floor & Decor Holdings Inc (NYSE:FND) will report sales of $523.92 million for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Floor & Decor’s earnings. The lowest sales estimate is $523.00 million and the highest is $525.00 million. Floor & Decor reported sales of $435.88 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 20.2%. The company is scheduled to report its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Floor & Decor will report full year sales of $2.05 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.08 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.54 billion, with estimates ranging from $2.50 billion to $2.61 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Floor & Decor.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, August 1st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. The business had revenue of $520.31 million for the quarter, compared to the consensus estimate of $510.73 million. Floor & Decor had a return on equity of 18.32% and a net margin of 6.35%. The company’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS.

A number of brokerages have weighed in on FND. Morgan Stanley raised their price objective on Floor & Decor from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday. Wedbush raised their price objective on Floor & Decor from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Telsey Advisory Group restated a “market perform” rating and set a $42.00 price objective (down previously from $44.00) on shares of Floor & Decor in a research note on Friday, May 3rd. Goldman Sachs Group began coverage on Floor & Decor in a research note on Thursday, July 11th. They set a “neutral” rating and a $45.00 price objective for the company. Finally, TheStreet upgraded Floor & Decor from a “c” rating to a “b-” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $43.86.

NYSE FND traded up $0.69 during mid-day trading on Thursday, reaching $49.29. 1,416,033 shares of the company’s stock traded hands, compared to its average volume of 1,218,938. Floor & Decor has a 1-year low of $23.30 and a 1-year high of $49.90. The company has a fifty day simple moving average of $42.13 and a 200-day simple moving average of $40.64. The company has a current ratio of 1.33, a quick ratio of 0.28 and a debt-to-equity ratio of 1.32. The company has a market cap of $4.50 billion, a price-to-earnings ratio of 50.81, a P/E/G ratio of 1.72 and a beta of 2.13.

In related news, CFO Trevor Lang sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $38.88, for a total transaction of $1,555,200.00. Following the completion of the transaction, the chief financial officer now owns 178,669 shares in the company, valued at approximately $6,946,650.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian K. Robbins sold 55,101 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $40.96, for a total value of $2,256,936.96. Following the transaction, the executive vice president now owns 8,387 shares of the company’s stock, valued at approximately $343,531.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,373,059 shares of company stock valued at $187,742,559. Insiders own 7.00% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP boosted its position in Floor & Decor by 75.2% during the 1st quarter. Trexquant Investment LP now owns 71,571 shares of the company’s stock valued at $2,950,000 after purchasing an additional 30,724 shares during the period. PNC Financial Services Group Inc. boosted its position in Floor & Decor by 6.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 82,658 shares of the company’s stock valued at $3,407,000 after purchasing an additional 5,272 shares during the period. Artisan Partners Limited Partnership raised its stake in Floor & Decor by 32.4% during the 1st quarter. Artisan Partners Limited Partnership now owns 786,949 shares of the company’s stock valued at $32,438,000 after acquiring an additional 192,614 shares in the last quarter. Waratah Capital Advisors Ltd. bought a new stake in Floor & Decor during the 1st quarter valued at $1,553,000. Finally, Oppenheimer & Co. Inc. raised its stake in Floor & Decor by 171.2% during the 1st quarter. Oppenheimer & Co. Inc. now owns 39,600 shares of the company’s stock valued at $1,633,000 after acquiring an additional 25,000 shares in the last quarter.

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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Earnings History and Estimates for Floor & Decor (NYSE:FND)

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