Floor & Decor Holdings Inc (NYSE: FND)’s stock price has decreased by -1.97 compared to its previous closing price of 110.31. However, the company has seen a -11.90% decrease in its stock price over the last five trading sessions. Business Wire reported 2024-04-11 that ATLANTA–(BUSINESS WIRE)–Floor & Decor Holdings, Inc. (NYSE: FND) today announced that its financial results for the first quarter of fiscal 2024 will be released after market close on Thursday, May 2, 2024. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the financial results. A live audio webcast of the conference call, together with related materials, will be available online at ir.flooranddecor.com. A recorded replay of the conference call will be available.
Is It Worth Investing in Floor & Decor Holdings Inc (NYSE: FND) Right Now?
Floor & Decor Holdings Inc (NYSE: FND) has a price-to-earnings ratio of 47.42x that is above its average ratio. Additionally, the 36-month beta value for FND is 1.86. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for FND is 105.48M and currently, short sellers hold a 14.59% ratio of that float. The average trading volume of FND on April 17, 2024 was 1.43M shares.
FND’s Market Performance
FND’s stock has seen a -11.90% decrease for the week, with a -10.40% drop in the past month and a 4.20% gain in the past quarter. The volatility ratio for the week is 2.83%, and the volatility levels for the past 30 days are at 2.87% for Floor & Decor Holdings Inc The simple moving average for the last 20 days is -11.50% for FND stock, with a simple moving average of 4.72% for the last 200 days.
Analysts’ Opinion of FND
Many brokerage firms have already submitted their reports for FND stocks, with TD Cowen repeating the rating for FND by listing it as a “Hold.” The predicted price for FND in the upcoming period, according to TD Cowen is $125 based on the research report published on April 10, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see FND reach a price target of $115. The rating they have provided for FND stocks is “Neutral” according to the report published on March 19th, 2024.
UBS gave a rating of “Neutral” to FND, setting the target price at $135 in the report published on March 05th of the current year.
FND Trading at -8.46% from the 50-Day Moving Average
After a stumble in the market that brought FND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.29% of loss for the given period.
Volatility was left at 2.87%, however, over the last 30 days, the volatility rate increased by 2.83%, as shares sank -8.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.33% upper at present.
During the last 5 trading sessions, FND fell by -11.90%, which changed the moving average for the period of 200-days by +6.48% in comparison to the 20-day moving average, which settled at $121.67. In addition, Floor & Decor Holdings Inc saw -3.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FND starting from Robbins Brian K, who sale 22,258 shares at the price of $122.70 back on Feb 29 ’24. After this action, Robbins Brian K now owns 12,729 shares of Floor & Decor Holdings Inc, valued at $2,731,114 using the latest closing price.
DENNY STEVEN ALAN, the EVP, STORE OPERATIONS of Floor & Decor Holdings Inc, sale 5,152 shares at $123.52 during a trade that took place back on Feb 29 ’24, which means that DENNY STEVEN ALAN is holding 13,271 shares at $636,375 based on the most recent closing price.
Stock Fundamentals for FND
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.42 for the gross margin
The net margin for Floor & Decor Holdings Inc stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 13.71, with 5.46 for asset returns.
Based on Floor & Decor Holdings Inc (FND), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.49. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 32.48.
Currently, EBITDA for the company is 523.3 million with net debt to EBITDA at 3.37. When we switch over and look at the enterprise to sales, we see a ratio of 2.98. The receivables turnover for the company is 34.65for trailing twelve months and the total asset turnover is 0.95. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.14.
Conclusion
In conclusion, Floor & Decor Holdings Inc (FND) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
