Streetbeat News

FND

Floor & Decor Holdings, Inc.

https://www.flooranddecor.com

Industry

Home Improvement

Floor & Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers. As of May 5, 2022, the company operated 166 warehouse-format stores and five design studios in 34 states. It also sells products through its Website, FloorandDecor.com. The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017. Floor & Decor Holdings, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.

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Retail stocks are seeing a boost due to strong New Home Sales data for July and positive economic outlook from Fed Chair Powell, hinting at potential future rate cuts.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 5:42 pm

Warren Buffett's Berkshire Hathaway has sold over 389 million Apple shares but still holds 400 million. The company also reduced stakes in Bank of America, Chevron, Capital One, Floor & Decor, T-Mobile, and Louisiana-Pacific, while increasing holdings in Chubb and Occidental Petroleum. New investments were made in Heico and Ulta Beauty. Elon Musk commented on Berkshire's $277 billion cash reserves, predicting changes as T-bill returns decline.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 3:36 am

Shares of retail, e-commerce, and consumer discretionary stocks are trading higher due to softer-than-expected July PPI figures, which may alleviate inflation concerns and boost consumer sentiment.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 3:40 pm

JP Morgan analyst Christopher Horvers maintains a Neutral rating on Floor & Decor Holdings (NYSE:FND) but lowers the price target from $99 to $92.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 9:26 pm

Guggenheim analyst Steven Forbes maintains a Buy rating on Floor & Decor Holdings (NYSE:FND) but lowers the price target from $130 to $115.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 6:59 pm

Piper Sandler analyst Peter Keith maintains a Neutral rating on Floor & Decor Holdings (NYSE:FND) but lowers the price target from $115 to $95.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:53 pm

Wedbush analyst Seth Basham has reiterated an Outperform rating on Floor & Decor Holdings (NYSE:FND) and maintained a price target of $110.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:38 pm

Floor & Decor Holdings shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:54 pm

Floor & Decor has revised its FY24 net sales outlook downwards from $4.60B-$4.77B to $4.40B-$4.49B, and its EPS from $1.75-$2.05 to $1.55-$1.75. Comparable store sales are expected to decline by 8.5% to 6.5%, and adjusted EBITDA is projected to be between $480 million and $505 million.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 9:21 pm

Floor & Decor Holdings (NYSE:FND) reported Q2 2024 earnings per share (EPS) of $0.52, beating the analyst estimate of $0.51. However, sales of $1.133 billion missed the $1.150 billion estimate. EPS decreased by 21.21% year-over-year, and sales decreased by 0.26% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 8:10 pm

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