Floor & Decor (NYSE:FND) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $1.07-1.12 for the period. The company issued revenue guidance of $2.06-2.094 billion.Floor & Decor also updated its Q1 2019 guidance to $0.26-0.28 EPS.
A number of equities analysts recently commented on FND shares. Bank of America raised Floor & Decor from a neutral rating to a buy rating and set a $40.00 price objective on the stock in a research note on Friday, November 2nd. Wells Fargo & Co set a $37.00 price objective on Floor & Decor and gave the stock a buy rating in a research note on Tuesday, January 8th. Zacks Investment Research raised Floor & Decor from a sell rating to a hold rating in a research note on Monday, November 26th. Credit Suisse Group set a $37.00 price objective on Floor & Decor and gave the stock a buy rating in a research note on Friday, November 2nd. Finally, Wedbush cut their price objective on Floor & Decor from $50.00 to $38.00 and set an outperform rating on the stock in a research note on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $41.06.
Shares of NYSE:FND opened at $36.73 on Thursday. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 53.23, a price-to-earnings-growth ratio of 1.24 and a beta of 1.64. The company has a quick ratio of 0.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.25. Floor & Decor has a 1 year low of $23.30 and a 1 year high of $58.28.
In related news, Director George Vincent West sold 20,000 shares of the stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $33.01, for a total transaction of $660,200.00. Following the sale, the director now owns 20,000 shares of the company’s stock, valued at approximately $660,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 215,000 shares of company stock worth $6,917,000 in the last three months. 8.20% of the stock is currently owned by insiders.
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Floor & Decor Company Profile
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, 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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