William Blair analyst Phillip Blee has maintained their bullish stance on FND stock, giving a Buy rating on February 18.
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Phillip Blee has given his Buy rating due to a combination of factors, primarily focusing on Floor & Decor Holdings’ impressive financial performance and future potential. The company’s fourth-quarter results surpassed expectations, showcasing strong sales, comparable store sales, and earnings that exceeded market consensus. This robust performance indicates a solid foundation and operational efficiency, which are promising signs for investors.
Blee also notes the company’s forward-looking guidance, which, though broad, suggests potential for growth amid an uncertain housing and macroeconomic environment. The management’s initial 2025 outlook offers a range that, while conservative, leaves room for positive surprises. This potential for upside, along with the company’s current performance, supports Blee’s optimistic view and Buy recommendation for Floor & Decor Holdings.
In another report released on February 18, Telsey Advisory also upgraded the stock to a Buy with a $115.00 price target.