Telsey downgrades Floor & Decor to Market Perform, cuts price target to $50
Telsey Advisory Group lowered its rating on Floor & Decor Holdings from Outperform to Market Perform on Oct. 30, 2026. The firm reduced its price target from $68.00 to $50.00, citing higher mortgage rates and a weakening housing market. It also cut its 2027 earnings per share estimate to $2.00 and trimmed its EPS growth outlook to about 5%. The downgrade follows the company's Q3 2026 earnings of $0.61 per share, which beat expectations.
Why it matters
Telsey's lower price target of $50 suggests a reduced valuation for the stock, which may pressure the share price. The cut to the 2027 EPS estimate to $2.00 also signals weaker earnings expectations for investors.
Key facts
- 1Telsey downgraded Floor & Decor to Market Perform from Outperform. investing.com
- 2The new price target is $50.00, down from $68.00. investing.com
- 3Telsey lowered its 2027 EPS estimate to $2.00 from $2.25. investing.com
- 4Telsey reduced its 2027 EPS growth target to approximately 5% from 15%. investing.com
- 5Floor & Decor reported Q3 2026 EPS of $0.61, beating the Wall Street estimate of $0.58. investing.com
- 6Revenue for the quarter was $1.22 billion. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.