Floor & Decor: Diverging Fundamentals Suggests Portfolio Reduction [Seeking Alpha]
Floor & Decor Holdings, Inc. (FND)
NASDAQ:AMEX Investor Relations:
dictionary.com/browse/floor
Company Research
Source: Seeking Alpha
I observed a widening gap between Floor & Decor's ( NYSE: FND ) fundamentals and its stock price. Despite my long-term bullish stance on this stock, I opined that it is the opportunity to reduce weighting in our portfolio. A persisting high interest rates environment places the home improvement sector into difficult times. Even top-performing companies like FND, Home Depot ( HD ), and Lowe's ( LOW ) found it difficult to grow amid this challenging period. On the flip side, FND has surged by over 60% since the rally in Nov 2023. Of course, this magnitude of growth cannot be compared with AI-themed stocks like Nvidia ( NVDA ), but it is still very impressive considering the tough operating environment. With declining same-store sales and earnings capability, I doubted if the rally was backed by fundamentals, putting FND overvalued. Fiscal 2023 Financial Results The Positives The positives are that the company continued to showcase its competitiveness, even in difficult time
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FND
News
- Floor & Decor Holdings, Inc. (NYSE: FND) had its price target lowered by analysts at UBS Group AG from $135.00 to $125.00. They now have a "neutral" rating on the stock.MarketBeat
- Floor & Decor Holdings, Inc. (NYSE: FND) had its price target lowered by analysts at TD Cowen from $125.00 to $115.00. They now have a "hold" rating on the stock.MarketBeat
- Floor & Decor Holdings, Inc. (NYSE: FND) had its price target lowered by analysts at Evercore ISI from $120.00 to $115.00. They now have an "in-line" rating on the stock.MarketBeat
- Floor & Decor Holdings, Inc. (NYSE: FND) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $125.00 price target on the stock.MarketBeat
- Floor & Decor Holdings, Inc. (NYSE:FND) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
FND
Earnings
- 5/2/24 - Beat
FND
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 3/19/24 - Form DEFA14A
- FND's page on the SEC website