America’s home market is rapidly expanding, outpacing the wider economic recovery following the peak of the Coronavirus Pandemic. With more new and existing home sales, home improvement and building material companies have experienced rapid growth. Floor & Décor Holdings Inc. (NYSE: FND) is a specialty retailer of hard surface flooring solutions including tile, stone, laminate, wood, and vinyl flooring.
Growth in home sales and a robust DIY improvement market have helped Floor & Décor Holdings to grow in 2020. Earnings have increased by 30.2% over the past year, and are expected to grow by at least 16% in 2021. Revenue in the third quarter was reported at $684.84 million, compared to $521.09 million in the same period a year ago. Earnings in the third quarter hit $0.67 per share, compared to $0.41 per share in the previous year.
The company’s impressive growth has led to a stock market rally with the share price increasing by 15.50% in just the last month. Growth throughout the year has also been positive. There’s still momentum in this pick, and with a high-end target price of $105.00, there could be a significant upside for investors who buy before the end of the year.
- 1 Year Price Growth: 65%
- YTD Price Growth: 65%
- 3 Month Price Growth: 53%
All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.