Floor & Decor Holdings, Inc. (FND), which operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories, belongs to the veteran investor Warren Buffett’s portfolio. As of June 30, 2022, Buffett’s holding company Berkshire Hathaway Inc. (BRK.A), held a 4.5% stake in FND.
Despite securing a place in Buffett’s portfolio, FND doesn’t look well-positioned to perform well in the near term because of its weak fundamentals. Citigroup analysts have recently lowered their price target for FND from $112.00 to $89.00. Earlier, UBS Group also reduced their price target for the stock from $120.00 to $110.00.
