Banking

Floor & Decor Receives Composite Rating Upgrade Higher In The 90’s

The IBD SmartSelect Composite Rating for Floor & Decor (FND) rose from 94 to 96 Monday.




X



The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that’s an important benchmark to look for when looking for the best stocks to buy and watch.

Floor & Decor broke out earlier, but is now trading about 1% below the prior 108.64 entry from a consolidation. If a stock you’re tracking clears a buy point then retreats 7% or more below the original entry price, it’s considered a failed base. Wait for the stock to set up and breakout from a new base and entry price.


See How IBD Helps You Make More Money In Stocks


 

The stock has a 99 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth is outpacing 99% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

In Q4, the company posted 81% EPS growth. Top line growth increased 37%, up from 31% in the prior report. The company has now posted accelerating growth in each of the last two quarters. The company’s next quarterly report is expected on or around Apr. 30.

Floor & Decor earns the No. 1 rank among its peers in the Retail/Wholesale-Building Products industry group. Tractor Supply (TSCO) and Beacon Roofing Supply (BECN) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:
Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
How To Make Money In Stocks In 3 Simple Steps

Most Related Links :
newsbinding Governmental News Finance News

Source link

Back to top button