The stock of Floor & Decor Holdings Inc. (NYSE:FND) increased by $0.66 on Tuesday to finish at $92.80, up 0.72 percent. The last five days have seen an average of 1,440,940 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $23.17. The average number of shares traded over the last 20 days was 1,244,470, while the average volume over the last 50 days totaled 1,242,538.
FND stock dropped -5.99% since last month. On 09/19/23, the company’s shares reached a one-month low of $91.00. The stock touched a high of $116.03 on 07/20/23, after rallying from a low of $63.51 in 52 weeks. The price of FND stock has risen by 33.28% or $23.17 this year, reaching a new high 18 times. Still, the stock price is down -20.02% from the 52-week high.
Insider Transactions
FND stock investors should be aware that Floor & Decor Holdings Inc. (FND) stock had its last reported insider trading activity 44 days ago on Aug 07. On Aug 07, EVP, STORE OPERATIONS DENNY STEVEN ALAN sold 6,381 shares at $103.59 each. This transaction resulted in the insider making $661,001. On Jul 19, TAYLOR THOMAS V sold 18,656 shares at a price of US$115.00. After the transaction, the insider now owns 177,891 shares. CHIEF EXECUTIVE OFFICER TAYLOR THOMAS V had earlier sold 18,656 shares on Jul 12 for $110.00 a share. The transaction was completed for $2,052,160.
Valuation Metrics
Floor & Decor Holdings Inc. (FND) has a trailing price-to-earnings (P/E) ratio of 34.63. Beta for the stock is 1.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.27, the price-to-book (PB) ratio of 5.45, and the price-to-cash flow ratio of 167.69.
Financial Health
For the three months ended June 30, Floor & Decor Holdings Inc.’s quick ratio was 0.10, while its current ratio was 1.20, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.13, and the total debt to equity ratio is 0.13. As far as profitability goes, gross margin for the trailing twelve months is 41.60% percent. Floor & Decor Holdings Inc.’s EBITDA margin for the year ended June 30 was 13.85%, whereas its operating margin stood at 8.80% for the same period. Based on annual data, it had gross profit of $1.73 billion and revenue of $4.26 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FND’s return on assets (ROA) during the last 12 months has been 6.60%. There was a 15.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.00%.
Earnings Surprise
According to Floor & Decor Holdings Inc.’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.14 billion, while revenues rose by 4.03% to $1.12 billion. It was predicted that Floor & Decor Holdings Inc.’s quarterly earnings would be $0.66, but it ended up being $0.66. EBITDA was $144.65 million for the quarter. At the end of Floor & Decor Holdings Inc.’s most recent quarter ended June 30, its liabilities totaled 2.67 billion, while its total debt was $1.63 billion. Equity owned by shareholders amounts to $106.44 million.
Technical Picture
Here’s a quick look at Floor & Decor Holdings Inc.’s (FND) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 33.79%, suggesting the stock is Neutral, with a 17.78% historical volatility rate.
The stochastic %K and %D were 11.43% and 15.29% respectively, while the average true range (ATR) was 2.56. Based on the 14-day stochastic reading of 15.90%, the RSI (14) reading is 35.62%. On the 9-day MACD Oscillator, the stock is at -0.96, and the 14-day reading is at -2.81.
Analyst Ratings
In its analyst report released on September 07, 2023, Stifel began covering Floor & Decor Holdings Inc. (NYSE: FND). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Floor & Decor Holdings Inc. (FND) an Overweight rating. FND is a stock that is recommended for selling by 1 brokerage firm, while 10 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 11 others recommend it as a buy.
What is FND’s price target for the next 12 months?
The current consensus forecast for the stock is between $82.00 and $129.00, with a median target price of $110.00. In analyzing these forecasts, the average price target given by analysts for Floor & Decor Holdings Inc. (FND) is $108.50.
