Floor & Decor (FND) Stock: $167 Price Target From Piper Sandler

By Amit Chowdhry ● Nov 24, 2021
  • The shares of Floor & Decor Holdings Inc (NYSE: FND) have received a $167 price target from Piper Sandler. These are the details.

The shares of Floor & Decor Holdings Inc (NYSE: FND) have received a $167 price target from Piper Sandler. And Piper Sandler analyst Peter Keith raised the price target from $139 while maintaining an “Overweight” rating on the shares.

Keith adjusted the price target and rating following solid third quarter results. And Keith believes that the company’s underlying business trends remain very healthy.

These are the highlights from the quarter:

— Net sales increased 28.0% from the third quarter of fiscal 2020 to $876.6 million.

— Comparable store sales increased 10.9% from the third quarter of fiscal 2020.

— Diluted earnings per share (EPS) increased 6.2% to $0.69 from $0.65 in the third quarter of fiscal 2020; Adjusted diluted EPS* increased 7.1% to $0.60 from $0.56 in the third quarter of fiscal 2020.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.