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Floor & Decor Holdings, Inc. (FND) stock has experienced a notable downturn, touching a 52-week low of $80.81. This latest price level reflects a significant retreat from better-performing times, as the company grapples with a challenging market environment. The stock has declined 16.32% year-to-date, with 15 analysts recently revising their earnings expectations downward. Over the past year, FND has seen its value decrease by 37.41%, indicating a tough period for the specialty retailer of hard surface flooring and related accessories. InvestingPro subscribers have access to 13 additional key insights about FND’s financial health and market position. Investors are closely monitoring the company’s performance for signs of a turnaround, even as the stock currently hovers at this low point. Detailed analysis and comprehensive valuation metrics are available in the Pro Research Report, part of the InvestingPro subscription.
In other recent news, Floor & Decor Holdings Inc. reported impressive financial results for the fourth quarter of fiscal 2024. The company exceeded analyst expectations with earnings per share reaching $0.44, compared to the forecasted $0.25, and revenue hitting $1.11 billion, surpassing the anticipated $1.08 billion. Following these results, Stifel analysts upgraded the company’s stock rating from Hold to Buy, raising the price target to $110, citing a stronger profitability and revenue growth trajectory. Truist Securities maintained a Buy rating with a price target of $115, noting the company’s strong sales performance, particularly in November and December, despite weather-related disruptions earlier in the year.
Floor & Decor’s management has projected a sales growth of 6.5% to 10% for fiscal 2025, with plans to open 25 new stores, further expanding its footprint. The company continues to diversify its supply chain, reducing reliance on China, which now accounts for only 16% of its product sourcing. Additionally, the United States has become the largest source of supply, making up 27% of the company’s products. Despite the flooring industry’s cyclical downturn, Floor & Decor has managed to gain market share and maintain strong price competitiveness. Both Stifel and Truist analysts highlighted the company’s strategic shift in supply sources and management’s guidance as positive indicators for future growth.
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