The Analyst Verdict: Floor & Decor Hldgs In The Eyes Of 17 Experts
Portfolio Pulse from Benzinga Insights
Floor & Decor Holdings (NYSE:FND) was analyzed by 17 analysts, showing a shift towards a more cautious stance over the last quarter with an increase in 'Indifferent' ratings. Despite this, the average 12-month price target for FND has risen to $117.24, indicating a positive outlook on the stock's future performance. The company's financial health appears strong, with notable revenue growth and efficient cost management, although its ROE is below industry benchmarks.
April 16, 2024 | 3:01 pm
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POSITIVE IMPACT
Floor & Decor Holdings receives a mixed but overall positive outlook from analysts, with an updated average price target suggesting an 8.56% increase from previous estimates.
The increase in the average price target to $117.24 reflects a positive sentiment among analysts, despite a cautious stance indicated by the higher number of 'Indifferent' ratings. The company's strong revenue growth and efficient cost management, as highlighted in the financial milestones, support a bullish outlook. However, the below-industry ROE could be a concern for long-term growth, which is likely factored into the analysts' cautious optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100