Evercore cuts target for Floor & Decor stock from USD 60.00 to USD 55.00

Published on 10/06/2026 at 04:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter sales rose 3.00 percent to USD 1.25 billion. Floor & Decor stock had a EUR 41.70 prior close at Lang & Schwarz on October 2, 2026.

FND, US3397501012, Illustration mit AI erstellt.

According to Yahoo Finance on September 29, 2026, Evercore ISI maintained an In-Line rating while lowering its Floor & Decor target from USD 60.00 to USD 55.00. The Lang & Schwarz prior close for Floor & Decor Holdings was EUR 41.70 on October 2, 2026.

Target cut meets operating progress

The target reduction contrasts with the company's second-quarter fiscal 2026 sales performance. Floor & Decor reported net sales of USD 1,250.3 million, up 3.00 percent from USD 1,214.2 million in the second quarter of fiscal 2025.

The same release reported adjusted diluted earnings per share of USD 0.58 and a 2.10 percent decline in comparable store sales for the second quarter of fiscal 2026. Adjusted diluted earnings per share is a non-GAAP measure, so it should be read separately from GAAP earnings per share.

Store expansion remains measurable

Floor & Decor operated 281 warehouse-format stores and five design studios across 39 states as of June 25, 2026, according to Floor & Decor. The company also opened five new warehouse stores in the second quarter, adding a concrete expansion figure alongside the sales increase.

The latest store activity included a Clearwater, Florida relocation announced on September 25, 2026. StockTitan reported that the new warehouse and design center opened on September 28 at a new US-19 North location, while the former store closed the previous day.

FND remains below its yearly high

On October 5, 2026, FND was last at USD 46.55 on the NYSE at 4:00 p.m. ET, with a USD 42.64 to USD 77.46 52-week range. The price was 39.90 percent below the 52-week high, while the market capitalization stood at USD 5.0 billion.

The reference for German investors remains the Lang & Schwarz prior close of EUR 41.70 dated October 2, 2026. Evercore ISI's new USD 55.00 target is 18.15 percent above the October 5 NYSE price of USD 46.55, keeping the target revision and the operating data as separate valuation signals.