Looking for today’s top growth stocks to watch? Floor & Decor (FND) fits the bill by earning a spot on IBD 50. For more on stock ideas on IBD 50 members, check out “Best Growth Stocks To Buy And Watch: See Updates To IBD Stock Lists.”
The flooring retail stock is approximately 1% above a 108.64 buy point from a long second-stage consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
While earnings growth declined in the company’s most recent performance report from 107% to 81%, sales grew 37%, up from 31% in the prior report. The building products retailer has benefitted from an uptick in construction and remodeling projects during the pandemic.
Analysts expect EPS growth of 56% for the quarter, and 29% growth for the full year.
Floor & Decor stock has a 96 Composite Rating and earns the No. 1 rank among its peers in the Retail/Wholesale-Building Products industry group. Tractor Supply (TSCO) and Lowe’s Companies (LOW) are also among the group’s highest-rated stocks.
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