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Is Floor & Decor Holdings (FND) Outperforming Other Construction Stocks This Year?

Zacks Equity Research
Updated
Tilly's (TLYS) closed the most recent trading day at $16.18, moving -0.98% from the previous trading session.

Investors focused on the Construction space have likely heard of Floor & Decor Holdings (FND), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Construction peers, we might be able to answer that question.

Floor & Decor Holdings is a member of the Construction sector. This group includes 99 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. FND is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for FND's full-year earnings has moved 1.33% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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According to our latest data, FND has moved about 1.56% on a year-to-date basis. At the same time, Construction stocks have lost an average of 7.67%. This means that Floor & Decor Holdings is performing better than its sector in terms of year-to-date returns.

Breaking things down more, FND is a member of the Building Products - Wood industry, which includes 11 individual companies and currently sits at #30 in the Zacks Industry Rank. Stocks in this group have gained about 5.45% so far this year, so FND is slightly underperforming its industry this group in terms of year-to-date returns.

Going forward, investors interested in Construction stocks should continue to pay close attention to FND as it looks to continue its solid performance.


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