FMP
Nov 23, 2021 1:04 AM - Davit Kirakosyan
Analysts at Berenberg Bank increased their price target on Floor & Decor Holdings, Inc. (NYSE:FND) to $153 from $134 following the recent Q3 results, which reflected the company’s ability to provide consumers with a wide range of products in a challenging operating environment.
While investors have remained cautious over margin pressures and a lack of full 2022-year outlook, analysts at Berenberg Bank remain positive on the company, given ongoing industry tailwinds and the company’s continued expansion of new stores and product offerings.
Q3 same-store sales grew 10.9% year-over-year driven by robust demand and an 8.3% year-over-year increase in average sales per customer. However, despite continued same-store sales growth above management’s target, investors have remained cautious over a moderating growth rate. On a two-year CAGR, same-store sales grew 14.1% in Q3 versus 15.1% in Q2.
Given the continued opening of new stores, upselling of products, and growth of the company’s pro-business, Berenberg Bank believes that drivers for future sales growth remain strong.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...