BofA Securities analyst Robert Ohmes maintains $Floor & Decor (FND.US)$ with a buy rating, and maintains the target price at $135.
According to TipRanks data, the analyst has a success rate of 61.1% and a total average return of 10.3% 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 Q3 estimates for Floor & Decor to take into account the disruption caused by Hurricane Helene at the end of the quarter. Additionally, the outlook for Floor & Decor has been moderated in response to the ongoing decline in existing home sales, which is somewhat offset by the anticipated repair demands following significant hurricane activity.
The firm holds a view that, despite positive meetings during the quarter, a moderate interest rate reduction, and anticipated third-quarter performance aligning with expectations, there is a complex situation ahead in the short term. Observations indicate that category performance remains weak, the impact of hurricane-related sales is yet to be established, and the current share price appears to be influenced by ambitious long-term projections.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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