Qube Research & Technologies Ltd reduced its position in Floor & Decor Holdings, Inc. (NYSE: FND – Get Rating) by 26.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The company held 23,893 shares of the company after selling 8,552 shares during the quarter. Qube Research & Technologies Ltd’s holdings of Floor & Decor were worth $1,935,000 at the end of the last quarter.
Several other institutional investors have also recently changed their positions in the FND. Confluence Wealth Services Inc. bought a new position in Floor & Decor in the fourth quarter worth $30,000. SJS Investment Consulting Inc. bought a new position in Floor & Decor in Q1 worth $32,000. Ellevest Inc. increased its stake in Floor & Decor by 40.5% in the first quarter. Ellevest Inc. now owns 617 shares of the company valued at $50,000 after acquiring 178 additional shares in the last quarter. Hardy Reed LLC bought a new position in Floor & Decor in the first quarter worth $85,000. Finally, Signaturefd LLC increased its stake in Floor & Decor by 14.9% in the first quarter. Signaturefd LLC now owns 1,157 shares of the company valued at $94,000 after acquiring an additional 150 shares in the last quarter. Institutional investors hold 96.48% of the company’s shares.
Analysts set new price targets
A number of research analysts have recently commented on FND’s actions. Morgan Stanley cut its price target on Floor & Decor from $105.00 to $100.00 and set an “equal weight” rating on the stock in a Monday, August 8 research note. Citigroup cut its price target on Floor & Decor shares from $137.00 to $106.00 in a Friday, May 13 research report. Piper Sandler downgraded shares of Floor & Decor from an ‘overweight’ rating to a ‘neutral’ rating and lowered her price target for the company from $103.00 to $75.00 in a Friday research report July 29. Wells Fargo & Company cut its price target on Floor & Decor shares from $105.00 to $95.00 and set an “overweight” rating for the company in a Wednesday, June 8 research report. Finally, Wedbush cut its price target on Floor & Decor shares from $130.00 to $100.00 and set an “outperform” rating for the company in a Friday, May 6 research report. Five analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.71.
Performance of flooring and decoration stocks
FND shares opened at $94.03 on Friday. The company has a debt ratio of 0.18, a current ratio of 1.26 and a quick ratio of 0.14. Floor & Decor Holdings, Inc. has a one-year low of $59.91 and a one-year high of $145.89. The company has a 50-day simple moving average of $74.33 and a two-hundred-day simple moving average of $83.34. The company has a market capitalization of $9.97 billion, a PE ratio of 36.59, a growth price-earnings ratio of 1.37 and a beta of 1.85.
Floor & Decor (NYSE:FND – Get Rating) last released quarterly earnings data on Thursday, August 4. The company reported EPS of $0.76 for the quarter, beating the consensus estimate of $0.73 by $0.03. Floor & Decor achieved a net margin of 7.09% and a return on equity of 19.25%. The company posted revenue of $1.09 billion in the quarter, compared to analysts’ estimates of $1.07 billion. During the same period last year, the company posted earnings per share of $0.73. Floor & Decor’s quarterly sales increased by 26.7% compared to the same quarter last year. On average, analysts expect Floor & Decor Holdings, Inc. to post EPS of 2.71 for the current fiscal year.
Insider Buying and Selling at Floor & Decor
Separately, Executive Vice President Steven Alan Denny sold 6,028 shares of the company in a transaction that took place on Monday, August 8. The shares were sold at an average price of $95.10, for a total transaction of $573,262.80. Following the completion of the sale, the executive vice president now owns 4,477 shares of the company, valued at $425,762.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. Insiders hold 2.70% of the shares of the company.
Flooring and Decor Company Profile
(Get a rating)
Floor & Decor Holdings, Inc operates as a multi-channel specialty retailer and distributor of commercial flooring of hard surface flooring and related accessories. The company’s stores offer tile, wood, laminate, vinyl and natural stone products, as well as decorative and installation accessories.
Want to see what other hedge funds hold FND? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Floor & Decor Holdings, Inc. (NYSE:FND – Get Rating).
Get news and reviews for Floor & Decor Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst ratings for Floor & Decor and related companies with MarketBeat.com’s free daily email newsletter.