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Floor & Decor price target lowered to $80 from $90 at Piper Sandler

Piper Sandler lowered the firm’s price target on Floor & Decor to $80 from $90 and keeps a Neutral rating on the shares following an overall solid Q1, all things considered. The firm notes the company reported a slight miss on revenue but inline EPS, making up for it with the margins. While Floor & Decor lowered 2025 guidance to contemplate the incremental macro uncertainty, it raised its gross margin outlook and is confident it can navigate an elevated tariff environment through price increases and reducing China exposure.

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