Floor & Decor Holdings Price Target Increased to $153 From $134 at Berenberg Bank
<p>Analysts at Berenberg Bank increased their price target on <a href='https://financialmodelingprep.com/financial-summary/FND'>Floor & Decor Holdings, Inc. (NYSE:FND) </a>to $153 from $134 following the recent Q3 results, which reflected the company’s ability to provide consumers with a wide range of products in a challenging operating environment. </p>
<p>While investors have remained cautious over margin pressures and a lack of full 2022-year outlook, analysts at Berenberg Bank remain positive on the company, given ongoing industry tailwinds and the company’s continued expansion of new stores and product offerings.</p>
<p>Q3 same-store sales grew 10.9% year-over-year driven by robust demand and an 8.3% year-over-year increase in average sales per customer. However, despite continued same-store sales growth above management’s target, investors have remained cautious over a moderating growth rate. On a two-year CAGR, same-store sales grew 14.1% in Q3 versus 15.1% in Q2.</p>
<p>Given the continued opening of new stores, upselling of products, and growth of the company’s pro-business, Berenberg Bank believes that drivers for future sales growth remain strong.</p>

NYSE:FND