** Shares of Floor & Decor Holdings FND.N jump 11.2% premarket to $103.24 after Q4 results top expectations
** Atlanta-based home improvement retailer late Thurs reported Q4 net income of $47.48 mln, well above consensus estimate of $27.95 mln, per LSEG data
** Rev in qtr grew 5.7% y/y to $1.107 bln, just edging past estimate of $1.086 bln, while comp-store sales dipped 0.8%
** For 2025, it guided for rev of $4.74-$4.9 bln and comp-store-sales of approx flat to 3% growth
** Jefferies, which rates FND 'hold', boosted its PT by $1 to $102, saying comp sales guidance bracketed analysts' view, but was above investor expectations
** Wedbush raises its PT by $5 to $105, pointing to co's stronger-than-expected cost control across all key line items (stores, G&A and pre-opening)
** But Wedbush sticks with 'neutral', and cautions not to extrapolate Q4 comp sales strength into 2025, saying rebound in existing home sales has already started to reverse to begin the year
** Avg rating among 26 brokerages covering FND is "hold"; median PT of $110 implies 18.5% upside to stock's last close
** Through Thurs, stock down 7% YTD following 11% slide in 2024
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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