Piper Sandler has upgraded Floor & Decor Holdings Inc (FND) to Overweight from Neutral, signaling a more positive outlook on the company’s future performance. The upgrade, effective November 11, 2025, comes as Floor & Decor continues to demonstrate resilience in the retail sector, which specializes in hard surface flooring and related accessories.
Headquartered in Atlanta, Georgia, Floor & Decor operates approximately 251 warehouse-format stores across 38 states, employing over 10,400 full-time staff. The company caters to a diverse customer base, including professional installers and homeowners, offering a wide variety of flooring options such as laminate, vinyl, tile, wood, and natural stone, alongside installation materials and decorative accessories.
As of November 8, 2025, Floor & Decor's market capitalization stands at $6.4 billion, with a price-to-earnings ratio (P/E) of 29.30 and earnings per share (EPS) of 2.00. Upcoming earnings reports are anticipated on July 28, 2026, with an estimated EPS of $0.65 and revenue of $1.3 billion, and on April 28, 2026, with an estimated EPS of $0.45 and revenue of $1.2 billion.
The announcement highlights a shift in analyst sentiment, which may reflect improved fundamentals or enhanced confidence in the company's strategic direction. Analyst ratings serve as a professional assessment based on research and financial models, but they should not be the sole basis for investment decisions. As of November 1, 2025, the consensus among analysts remains a Hold, with 6 Strong Buy, 4 Buy, 15 Hold, 2 Sell, and 1 Strong Sell ratings issued for the stock.