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Floor & Decor Holdings Inc (FND) Recovers 42.41% From Low: Are We There Yet?

Floor & Decor Holdings Inc (NYSE:FND) concluded the trading at $108.66 Friday, February 09 with a rise of 2.07% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $106.46 and 5Y monthly beta was reading 1.83 . Company’s P/E ratio for the trailing 12 months is 42.09. Considering stock’s 52-week price range provides that FND hit a high price of $116.70 and saw its price falling to a low level of $76.30 during that period. Over a period of past 1-month, stock came adding 2.65% in its value.

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With its current market valuation of $11.58 billion, Floor & Decor Holdings Inc is set to declare its quarterly results on Feb 21, 2024 – Feb 26, 2024. Analysts are in estimates of $0.26 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $2.2 for 2023 with estimates of that growing to $2.15 in next year. These estimates are suggesting current year growth of -20.30% for EPS and -2.30% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $1.01 billion. They suggested that in the process company could generate revenue of as low as $989 million which could climb up to $1.05 billion to hit a high. The average estimate is representing a decrease of -3.70% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $4.38 billion in 2023, which will be 2.60% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review FND stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the FND stock which is currently positioned at 11.86. It further provides that stock’s current price level is 3.17% away from its 20-day simple moving average and is 3.17% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 57.68 while volatility remained at 2.29% over the past week which changes to 2.80% when measuring it over the past month. Beta is valued at 1.83, while measure of average true range or ATR is currently at 3.16.

In comparing Floor & Decor Holdings Inc (FND)’s stock with other industry players reveals that stock’s current price change of 2.07% and that of 9.76% over the past 12 months is in competing position with that of Installed Building Products Inc. (IBP) which saw its stock price raised by 0.64%% in the last trading and went through an increase of 92.34% in past 12-month trading. Industry’s another major player GMS Inc. (GMS) has rise 0.66%% up in previous session, but over the past year has faced a rise of 46.74%. Floor & Decor Holdings Inc has a P/E ratio of 42.09 against that of Installed Building Products Inc.’s 23.66 while GMS Inc. is showing 11.88 for the same.

Having a second look at Floor & Decor Holdings Inc (NYSE:FND) provides that stock’s average daily trading volume for 3 months was 1.43 million, while it jumped to 1.48 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 106.15 million.

The percentage of outstanding shares held by the insiders is 1.71% while it is 113.33% for the institutional holders. The figures also indicate that as of Jan 12, 2024, number of stock’s short shares was 15.85 million which implies a short ratio of 11.3. This shows down a 14.87% of Short Interest in company’s outstanding shares on the day. In January the standing of shares short improved as it was 17.12 million in the previous month. Subtraction of -2.60% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.