Floor & Decor Holdings Inc (NYSE:FND) finished Wednesday with an addition of $0.41 to close at $89.90, an upside of 0.46 percent. An average of 1,697,960 shares of common stock have been traded in the last five days. There was a fall of -$3.79 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,431,620 shares traded, while the 50-day average volume stands at 1,272,926.
FND stock has decreased by -7.07% in the last month. The company shares reached their 1-month lowest point of $88.45 on 09/27/23. With the stock rallying to its 52-week high on 07/20/23, shares of the company touched a low of $63.51 and a high of $116.03 in 52 weeks. It has reached a new high 18 times so far this year and achieved 29.11% or $20.27 in price. In spite of this, the price is down -22.52% 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 52 days ago on Aug 07. In this transaction, the insider spent $661,001. CHIEF EXECUTIVE OFFICER, TAYLOR THOMAS V, disposed of 18,656 shares at a price of $115.00 on Jul 19. The insider now owns more than $2,145,440 worth of shares. Prior to that, CHIEF EXECUTIVE OFFICER TAYLOR THOMAS V went on to Sale 18,656 shares at $110.00 each on Jul 12. An amount of $2,052,160 was transacted.
Valuation Metrics
Floor & Decor Holdings Inc (FND) has a trailing price-to-earnings (P/E) ratio of 33.54. The stock’s beta is 1.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.17, the price-to-book (PB) ratio at 5.28, and the price-to-cash flow ratio at 160.15.
Financial Health
The quick ratio of Floor & Decor Holdings Inc for the three months ended June 29 was 0.15, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.90 for the quarter ending June 29. Floor & Decor Holdings Inc’s EBITDA margin for the year ending June 29 is 13.85%, while its operating margin for the same period stands at 9.67%. Its gross profit as reported stood at $1.73 billion compared to revenue of $4.26 billion.
Earnings Surprise
For the three-month period that ended June 29, Floor & Decor Holdings Inc had $230.15 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $71.45 million in the quarter, while revenues of $71.52 million were shrunk -14.53%. The analyst consensus anticipated Floor & Decor Holdings Inc’s latest quarter earnings to come in at $0.66 per share, but it turned out to be $0.66, a 0.00% surprise. For the quarter, EBITDA amounted to $144.65 million. Shareholders own equity worth $106.44 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Floor & Decor Holdings Inc (FND) price momentum. RSI 9-day as of the close on 27 September was 33.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 23.91%.
As of today, FND’s price is $90.08 -4.05% or -$3.79 from its 5-day moving average. FND is currently trading -9.90% lower than its 20-day SMA and -7.62% lower than its 100-day SMA. However, the stock’s current price level is -20.27% below the SMA50 and +18.51% above the SMA200.
The stochastic %K and %D were 13.27% and 9.38%, respectively, and the average true range (ATR) was 2.39. With the 14-day stochastic at 18.19% and the average true range at 2.54, the RSI (14) stands at 34.81%. The stock has reached -1.31 on the 9-day MACD Oscillator while the 14-day reading was at -2.27.
Analyst Ratings
Stifel launched coverage on Floor & Decor Holdings Inc (NYSE: FND) in its analyst report released on September 07, 2023. The firm assigned the stock a Buy rating. The consensus rating for Floor & Decor Holdings Inc (FND) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FND, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.
What is FND’s price target for the next 12 months?
Analysts predict a range of price targets between $82.00 and $129.00, with a median target of $110.00. Taking a look at these predictions, the average price target given by analysts for Floor & Decor Holdings Inc (FND) stock is $108.28.
