The Floor & Decor Holdings Inc. (FND) shares are trading at lower $66.14 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $75.47.
To add more color to this target, the company’s high over the last year is $71.72 and the low is $24.36. Over the last 52 weeks, FND is down -7.78% while the S&P 500 is down -0.83%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, FND reported a profit of $196.69 million. Floor & Decor Holdings Inc. also saw revenues increase to $462.35 million. In addition, FND has free cash flow of $30.71 million as of 06-2020. The company’s EBITDA came in at $43.39 million which compares well with its peers.
FND booked profit margins of 7.00%, its Return on Equity (ROE) is 18.50%, and its Return on Assets is 6.00%. All told, it is clear that, FND needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. FND has a short ratio of 3.31 and outstanding shares of 102.11M.
FND has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.15 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.38. Floor & Decor Holdings Inc. FND also noted assets of $2.53 billion at the end of the last quarter. Investors should also keep an eye on sector updates as FND has historically followed its peers on positive news.
All told, Floor & Decor Holdings Inc. FND has strung together solid data and demonstrated underlying fundamentals. At its current valuation, FND represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Floor & Decor Holdings Inc. FND is now commanding a market cap of 6.88B and a float of 97.00M. FND is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of FND stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in FND, either long or short, and we have not been compensated for this article.