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Floor & Decor price target lowered to $100 from $115 at Guggenheim

Guggenheim lowered the firm’s price target on Floor & Decor to $100 from $115 and keeps a Buy rating on the shares. Better-than-expected SG&A expense control and gross margin expansion, combined with a reduction in the company’s new store growth plans, helps to alleviate the “growth weights” on the 2025 margin structure, so full-year EPS guidance was only slightly reduced to $1.70-$2.00 from $1.80-$2.10, the analyst tells investors in a post-earnings note.

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