Piper Sandler analyst Peter Keith maintains $Floor & Decor (FND.US)$ with a hold rating, and adjusts the target price from $95 to $118.
According to TipRanks data, the analyst has a success rate of 52.7% and a total average return of 11.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Floor & Decor (FND.US)$'s main analysts recently are as follows:
The firm has adjusted its expectations for Floor & Decor, taking into account the disturbance caused by Hurricane Helene at the quarter's end. Additionally, adjustments were made to reflect the ongoing decline in existing home sales, which is somewhat offset by the anticipated increase in repairs due to heavy hurricane activity.
Despite engaging intra-quarter discussions and a potential alignment with third-quarter expectations, the near-term outlook appears challenging. The sector's performance remains subdued, with the impact of hurricane-related sales yet to be fully determined, and the current share prices appear to be based on optimistic long-term projections.
Note:
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