At the time of writing, Floor & Decor Holdings Inc [FND] stock is trading at $126.66, up 0.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The FND shares have gain 4.57% over the last week, with a monthly amount glided 22.24%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Floor & Decor Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results. In a post published today on Yahoo Finance, Highlights for the Fourth Quarter of Fiscal 2023:.
From an analyst’s perspective:
Floor & Decor Holdings Inc [NYSE: FND] stock has seen the most recent analyst activity on March 05, 2024, when UBS downgraded its rating to a Neutral but kept the price target unchanged to $135 for it. Previously, Telsey Advisory Group reaffirmed its Market Perform rating on February 23, 2024, and elevated its price target to $110. On February 16, 2024, Telsey Advisory Group reiterated its Market Perform rating and revised its price target to $95 on the stock. Bernstein downgraded its rating to a Mkt Perform and increased its price target to $115 on January 16, 2024. Wells Fargo downgraded its rating to a Equal Weight and raised its price target to $105 on January 04, 2024. Stifel downgraded its rating to Hold for this stock on December 20, 2023, and upped its price target to $115. In a note dated November 29, 2023, Exane BNP Paribas downgraded an Underperform rating on this stock.
For the past year, the stock price of Floor & Decor Holdings Inc fluctuated between $76.30 and $125.75. Currently, Wall Street analysts expect the stock to reach $121.79 within the next 12 months. Floor & Decor Holdings Inc [NYSE: FND] shares were valued at $126.66 at the most recent close of the market. An investor can expect a potential drop of -3.84% based on the average FND price forecast.
Analyzing the FND fundamentals
Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 125.30 points at the first support level, and at 123.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 128.70, and for the 2nd resistance point, it is at 130.73.
Floor & Decor Holdings Inc [FND] reported earnings per share of $0.34 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.26/share, meaning a difference of $0.08 and a surprise factor of 30.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.61 per share as compared to estimates of $0.56 per share, a difference of $0.05 representing a surprise of 8.90%.
Ratios To Look Out For
It is important to note that Floor & Decor Holdings Inc [NYSE:FND] has a current ratio of 1.14. On the other hand, the Quick Ratio is 0.18, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 3.06, the price to book ratio is 7.00 and price to earnings (TTM) ratio is 55.54.
Transactions by insiders
Recent insider trading involved Robbins Brian K, EVP – BUS. DVLPMT, STRATEGY, that happened on Feb 29 ’24 when 22258.0 shares were sold. EVP, STORE OPERATIONS, DENNY STEVEN ALAN completed a deal on Feb 29 ’24 to sell 5152.0 shares. Meanwhile, Director AXELROD NORMAN sold 30000.0 shares on Feb 28 ’24.
