FND

Trump's Tariff Announcement: President Trump is expected to announce a new global tariff plan on April 2, which may include widespread tariffs and could significantly impact various sectors, particularly consumer discretionary, tech hardware, and capital goods. Analysts express uncertainty about the specifics and potential negotiations regarding these tariffs.

Market Reactions and Stock Impacts: Stocks such as 3M and Honeywell are highlighted for their varying exposure to tariffs, with some companies already experiencing declines. Investors are closely monitoring how the new tariffs will affect existing levies, especially in the automotive sector, and whether previously impacted stocks might see limited selling or a relief rally post-announcement.

Floor & Decor Holdings Inc Options Activity: FND experienced significant options trading with 29,060 contracts, particularly for the $80 strike put option expiring April 17, 2025, which saw 14,432 contracts traded.

Tesla Inc Options Activity: TSLA had a high options trading volume of 1.7 million contracts, notably for the $240 strike put option expiring April 04, 2025, with 57,756 contracts traded.

New Store Opening: Floor & Decor has opened a new warehouse location in Gilroy, California, featuring a wide selection of hard-surface flooring and hosting various events to engage with the local community and professionals in the industry.

Promotional Events: The grand opening includes a ribbon-cutting ceremony, a PRO Industry Networking Event with prizes, a $5,000 Floor Makeover giveaway, and a family-friendly Super Saturday event with opportunities for customers to win cash prizes.

Signet Jewelers Options Activity: Signet Jewelers Ltd (SIG) has seen significant options trading with 9,919 contracts, particularly a high volume for the $60 strike call option expiring April 17, 2025, which accounted for 3,030 contracts.

Floor & Decor Holdings Options Activity: Floor & Decor Holdings Inc (FND) recorded 14,286 contracts in options trading, notably for the $85 strike put option expiring March 21, 2025, with 6,761 contracts traded.

Grand Opening Announcement: Floor & Decor has opened a new warehouse location in Tualatin, Oregon, featuring a team of 30 associates and offering a wide range of hard-surface flooring products. A ribbon-cutting ceremony is scheduled for March 14, with various events planned to engage the local community.

Promotional Events and Giveaways: The store will host a PRO Industry Networking Event on March 13, offering prizes including a Chevrolet Colorado Truck, and a family-friendly Super Saturday event on March 15, where customers can participate in a game for a chance to win $100,000 and enjoy free treats from local vendors.

New Warehouse Opening: Floor & Decor has opened a new warehouse location in Tualatin, Oregon, featuring a wide selection of hard-surface flooring and design services, led by Chief Executive Merchant Michael LaBrie.

Grand Opening Events: The store will celebrate its opening with various events including a ribbon-cutting ceremony, a PRO Industry Networking Event with prizes, and a family-friendly Super Saturday event offering chances to win cash prizes.

Analyst Downgrades: Several Wall Street analysts have downgraded stocks, including Intra-Cellular Therapies, Conagra Brands, and Rivian Automotive, with price targets reduced significantly.

Analyst Upgrades: Conversely, Jefferies and Stifel upgraded their ratings for NIKE and Floor & Decor Holdings, respectively, raising their price targets while maintaining positive outlooks on the stocks.

Analyst Upgrade: Stifel upgraded Floor & Decor Holdings Inc to "Buy" from "Hold" after the company reported better-than-expected fourth-quarter results, including an EBITDA of $119.8 million and EPS of $0.44, leading to a raised price target of $110.

Growth Potential: Despite a cautious outlook on the home improvement market, analysts believe Floor & Decor's strong market position, expansion strategy with 60 new stores, and ability to navigate challenges will drive long-term growth.

Analyst Ratings on Floor & Decor Holdings: Evercore ISI analyst Greg Melich maintained a Hold rating on Floor & Decor Holdings with a price target of $110.00, while the average consensus among analysts is a Moderate Buy with a target of $107.27, indicating a potential upside from current levels.

Stock Performance Overview: Floor & Decor's shares closed at $94.27, with a one-year high of $135.67 and a low of $89.06; Barclays also holds a Hold rating with a lower price target of $91.00.

Market Performance: Major U.S. stock indexes, including the S&P 500 and Nasdaq 100, experienced significant declines on Friday, closing at one-week and one-month lows respectively, driven by negative corporate news and weaker-than-expected economic indicators, including a drop in consumer sentiment to a 15-month low.

Corporate News Impact: Notable losers included Akamai Technologies and UnitedHealth Group, which fell sharply due to disappointing revenue forecasts and an investigation into Medicare billing practices, while defensive food producer stocks gained amid the market slump.

Market Overview: The S&P 500, Dow Jones, and Nasdaq indices are all down today, with the Dow hitting a one-month low due to negative corporate news, particularly from Akamai Technologies and UnitedHealth Group. However, a stronger-than-expected manufacturing activity report and declining bond yields provided some support.

Stock Movements: Significant losers include Akamai Technologies and UnitedHealth Group, while MercadoLibre and Five9 Inc reported better-than-expected earnings, leading to gains in their stock prices.

Market Performance: Major US stock indices, including the S&P 500 and Dow Jones, are experiencing declines due to negative corporate news and a drop in consumer sentiment, with Akamai Technologies and UnitedHealth Group leading the losses.

Economic Indicators: Recent economic reports show mixed signals, with manufacturing PMI rising but services PMI falling, while inflation expectations have increased, contributing to market uncertainty ahead of upcoming Federal Reserve meetings.

Analyst Ratings: Max Rakhlenko from TD Cowen maintains a Hold rating on Floor & Decor Holdings with a price target of $110.00, while Barclays also issued a Hold rating, and Gordon Haskett upgraded the stock to Buy.

Financial Performance: Floor & Decor reported quarterly revenue of $1.12 billion and a net profit of $51.69 million, showing slight growth in revenue compared to the previous year but a decrease in net profit.

Financial Performance: Floor & Decor Holdings, Inc. reported a 5.7% increase in net sales for Q4 2024, totaling $1.107 billion, despite a 0.8% decline in comparable store sales. The company opened 10 new stores during the quarter and plans to open 25 more in fiscal 2025.

Fiscal Year Overview: For the full year 2024, net sales rose by 0.9% to $4.456 billion, but net income decreased by 16.3% to $205.9 million. The company anticipates net sales of approximately $4.740 to $4.900 billion for fiscal 2025, with projected diluted EPS between $1.80 and $2.10.

Analyst Downgrades: Several Wall Street analysts downgraded their ratings for Informatica Inc and KORU Medical Systems, with Informatica's price target reduced significantly from $35 to $19 by Baird and from $34 to $19 by Wells Fargo.

Other Downgrades: Floor & Decor Holdings also faced a downgrade from Outperform to Neutral, with its price target lowered from $110 to $100 by Wedbush analyst Seth Basham.

Analyst Upgrades: Several Wall Street analysts have upgraded their ratings on various companies, including Floor & Decor, Warner Music Group, Airbnb, Roku, and CRISPR Therapeutics, with significant increases in price targets for each stock.

Current Stock Prices: As of Thursday's close, the stocks were priced at $97.88 for Floor & Decor, $35.11 for Warner Music, $141.04 for Airbnb, $86.80 for Roku, and $43.49 for CRISPR Therapeutics.

Wall Street Research Calls: Jefferies and Bernstein maintain bullish positions on Nvidia and Netflix, respectively, while Pivotal upgrades Roku after positive earnings. Mizuho upgrades Carrier Global, and Baird upgrades Airbnb based on strong performance forecasts.

Stock Downgrades and Upgrades: Morgan Stanley downgrades PG & E due to wildfire risks, while Goldman Sachs upgrades Apple and Coinbase, citing upcoming product releases and strong earnings. Daiwa downgrades AMD following disappointing guidance, and Wells Fargo upgrades Roku and Align Technology based on favorable market conditions.

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Wells Fargo Rating: Zachary Fadem from Wells Fargo has maintained a Hold rating on Floor & Decor Holdings (FND) with a price target of $105.00, while the shares closed at $95.93.

Market Insights: Other analysts also hold mixed views on FND, with Barclays giving a Hold rating and Bank of America reiterating a Buy rating, amidst a market cap of $10.29B and a P/E ratio of 53.11.