Principal Financial Group Inc. Acquires 30,310 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Principal Financial Group Inc. lifted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 6.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 538,555 shares of the company's stock after buying an additional 30,310 shares during the period. Principal Financial Group Inc. owned about 0.50% of Floor & Decor worth $66,872,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FND. Retirement Systems of Alabama increased its position in shares of Floor & Decor by 20.0% during the third quarter. Retirement Systems of Alabama now owns 158,440 shares of the company's stock valued at $19,673,000 after purchasing an additional 26,362 shares during the period. Tidal Investments LLC increased its holdings in Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock valued at $835,000 after buying an additional 130 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Floor & Decor in the 3rd quarter valued at $74,000. Sanctuary Advisors LLC boosted its position in shares of Floor & Decor by 7.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,725 shares of the company's stock valued at $338,000 after acquiring an additional 180 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company's stock valued at $222,357,000 after acquiring an additional 24,509 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FND. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They set a "sell" rating and a $80.00 price objective on the stock. Piper Sandler dropped their price objective on Floor & Decor from $119.00 to $118.00 and set a "neutral" rating for the company in a research note on Monday, October 28th. Mizuho lifted their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a "neutral" rating in a report on Thursday, October 31st. Wedbush reiterated an "outperform" rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Finally, Stifel Nicolaus boosted their price objective on Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Floor & Decor currently has a consensus rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Stock Up 4.0 %

FND traded up $3.93 during trading on Friday, hitting $101.38. The company had a trading volume of 3,665,491 shares, compared to its average volume of 1,489,228. The firm's 50-day moving average price is $106.92 and its 200 day moving average price is $107.08. The company has a market capitalization of $10.87 billion, a PE ratio of 56.32, a PEG ratio of 14.75 and a beta of 1.82. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a one year low of $89.06 and a one year high of $135.67.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.06. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. Floor & Decor's revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current year.

Floor & Decor Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.