FND
Another haircut, same vibe
Zelman & Associates just shaved its price target on Floor & Decor to $65 from $80 and left the rating at neutral. That still implies upside from the recent share price, but it also says, in plain English, “we’re not exactly pounding the table here.”
The Street is getting less generous
This isn’t happening in a vacuum. Other firms have also cooled off on the stock — think Bank of America cutting to underperform with a $45 target, TD Cowen trimming to $60, and UBS landing at $70. When the analyst crowd starts shifting toward the exit door, investors usually notice.
Why the stock still has a pulse
Floor & Decor isn’t exactly falling apart. The company recently:
- Beat quarterly EPS by a penny, coming in at $0.36 vs. $0.35 expected
- Posted flat-to-modest revenue growth
- Issued FY2026 EPS guidance of $1.98 to $2.18
So this is less “business in free fall” and more “the market wants a lot more proof before it gets excited.”
Big picture
For investors, the key question is whether Floor & Decor can turn a decent beat and workable guidance into something better than a so-so growth story. Right now, the stock is getting the classic analyst treatment: not a disaster, just a reminder that enthusiasm has a ceiling.