Long Position on FND @ $113.50 on 4/26/2021 (Momentum)

Floor & Decor Holdings, Inc. (FND) operates as a multi-channel specialty retailer of hard surface flooring and related accessories.

The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers.

As of December 31, 2020, the company operated 133 warehouse-format stores and two small design studios in 31 states in the United States. Floor & Decor Holdings, Inc. also sells products through its Website, FloorandDecor.com.

The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017.

Please note, this stock reports earnings on Thursday, May 6th.

Floor & Decor Holdings reported Quarter December 2020 earnings of $0.47 per share on revenue of $723.7 million. The consensus earnings estimate was $0.44 per share on revenue of $691.2 million. Revenue grew 37.3% on a year-over-year basis.

While EPS growth decreased in the company's most recent quarterly report from 107% to 81%, the top line grew 37%, up from 31% in the prior report. This means the stock should have a strong earnings report.

Entry Point: $113.50

Stop Loss: $107.85

Trading Range: $36.83 - $114.41

Target Price: $124.85

Updates

7/23/2021 9:50:29 AM

FND closed at $119.

Position closed on 7/23/2021 at price of $119.00 with a 4.85% gain in 88 days.

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