Floor & Decor: Recent Correction Is A Buying Opportunity [Seeking Alpha]
Floor & Decor Holdings, Inc. (FND)
NASDAQ:AMEX Investor Relations:
dictionary.com/browse/floor
Company Research
Source: Seeking Alpha
Kosamtu/E+ via Getty ImagesInvestment ThesisThe fundamental growth narrative of Floor & Decor (NYSE:FNDacquired Wisconsin-based distributor KRS Inc to further diversify into the commercial market. KRS Inc. is a leader in commercial hard surface flooring in Wisconsin. Additionally, it continues to invest in high-quality designers in order to enhance its design services. When customers use design services to help them make purchasing decisions, the company gets better margins and average tickets. In line with the company’s growth strategy, the company also plans to open one more design studio and 26 new warehouse format stores in the remaining part of the year.There are a few near to medium-term headwinds like interest rate increases and DIY slowing but the strong backlog of PRO business, as well as commercial projects, should offset some of their impacts. Also, the remodeling demand trends have held up pretty well so far. The latest data point for remodeling demand was the Home Depot’s
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FND
News
- Floor & Decor Announces Grand Opening of Bremerton, Washington Store [Yahoo! Finance]Yahoo! Finance
- Floor & Decor Announces Grand Opening of Bremerton, Washington StoreBusiness Wire
- Floor & Decor Announces Grand Opening of Lone Tree, Colorado StoreBusiness Wire
- Floor & Decor Holdings, Inc. (NYSE: FND) had its price target lowered by analysts at Evercore ISI from $125.00 to $120.00. They now have an "in-line" rating on the stock.MarketBeat
- Floor & Decor Holdings, Inc. Announces First Quarter Fiscal 2024 Earnings Conference Call [Yahoo! Finance]Yahoo! Finance
FND
Earnings
- 2/22/24 - Beat
FND
Sec Filings
- 3/19/24 - Form DEFA14A
- 3/19/24 - Form DEF
- 3/5/24 - Form 4
- FND's page on the SEC website