Principal Financial Group Inc. Boosts Stake in Floor & Decor Holdings, Inc. (NYSE:FND)

Principal Financial Group Inc. raised its stake in shares of Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 172.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,464,763 shares of the company's stock after buying an additional 926,208 shares during the period. Principal Financial Group Inc. owned about 1.37% of Floor & Decor worth $146,037,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System raised its stake in Floor & Decor by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company's stock valued at $2,971,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company's stock worth $386,000 after purchasing an additional 110 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Floor & Decor by 2.0% in the 3rd quarter. Tidal Investments LLC now owns 6,721 shares of the company's stock worth $835,000 after purchasing an additional 130 shares in the last quarter. Silver Coast Investments LLC increased its stake in shares of Floor & Decor by 5.1% in the 3rd quarter. Silver Coast Investments LLC now owns 3,074 shares of the company's stock worth $382,000 after purchasing an additional 150 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Floor & Decor by 59.9% in the 4th quarter. Blue Trust Inc. now owns 443 shares of the company's stock worth $44,000 after purchasing an additional 166 shares in the last quarter.

Floor & Decor Price Performance

Shares of FND traded up $1.41 during midday trading on Friday, hitting $94.25. 4,833,841 shares of the company traded hands, compared to its average volume of 1,630,931. The firm has a 50 day moving average of $99.62 and a 200-day moving average of $105.93. Floor & Decor Holdings, Inc. has a 52 week low of $89.06 and a 52 week high of $135.67. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 52.36, a PEG ratio of 19.57 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16.

Floor & Decor (NYSE:FND - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, analysts forecast that Floor & Decor Holdings, Inc. will post 1.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FND shares. JPMorgan Chase & Co. upped their price objective on Floor & Decor from $103.00 to $110.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Barclays upgraded Floor & Decor from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered Floor & Decor from a "neutral" rating to a "sell" rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Wedbush lowered Floor & Decor from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $110.00 to $100.00 in a research note on Friday, February 14th. Finally, Piper Sandler dropped their target price on shares of Floor & Decor from $118.00 to $103.00 and set a "neutral" rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $106.16.

About Floor & Decor

Floor & Decor Holdings, Inc engages in the retail of hard surface flooring and related accessories. It provides wood, stone, and flooring products. Its products include vinyl, laminate, and tiles with materials installation for living rooms, kitchen, bathrooms, and walls. The company was founded by George Vincent West in 2000 and is headquartered in Atlanta, GA.