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

Principal Financial Group Inc. grew its holdings in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 538,555 shares of the company's stock after purchasing an additional 30,310 shares during the period. Principal Financial Group Inc. owned about 0.50% of Floor & Decor worth $66,872,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FND. Russell Investments Group Ltd. increased its holdings in Floor & Decor by 15.0% in the 1st quarter. Russell Investments Group Ltd. now owns 92,959 shares of the company's stock worth $12,050,000 after buying an additional 12,158 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Floor & Decor during the 1st quarter valued at about $24,791,000. Capital International Investors grew its stake in shares of Floor & Decor by 7.4% in the first quarter. Capital International Investors now owns 1,063,151 shares of the company's stock worth $137,806,000 after acquiring an additional 73,448 shares during the period. Vanguard Group Inc. raised its holdings in shares of Floor & Decor by 0.8% during the first quarter. Vanguard Group Inc. now owns 9,740,052 shares of the company's stock valued at $1,262,506,000 after purchasing an additional 81,305 shares during the last quarter. Finally, Scientech Research LLC lifted its position in Floor & Decor by 353.0% during the second quarter. Scientech Research LLC now owns 17,773 shares of the company's stock valued at $1,767,000 after purchasing an additional 13,850 shares during the period.

Analysts Set New Price Targets

FND has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. Melius Research started coverage on Floor & Decor in a report on Monday, September 23rd. They issued a "sell" rating and a $80.00 price objective for the company. Wells Fargo & Company increased their target price on Floor & Decor from $95.00 to $105.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Piper Sandler cut their price target 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. Finally, Robert W. Baird reduced their price target on shares of Floor & Decor from $127.00 to $115.00 and set an "outperform" rating for the company in a research report on Monday, July 29th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $104.37.

Floor & Decor Price Performance

NYSE:FND traded down $0.82 on Friday, reaching $100.49. 1,540,035 shares of the company's stock traded hands, compared to its average volume of 1,724,110. The stock has a 50-day simple moving average of $110.92 and a 200-day simple moving average of $108.61. Floor & Decor Holdings, Inc. has a 12 month low of $77.01 and a 12 month high of $135.67. The firm has a market cap of $10.78 billion, a PE ratio of 55.83, a P/E/G ratio of 13.20 and a beta of 1.83. 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 (NYSE:FND - Get Free Report) last issued its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company earned $0.61 EPS. The firm's quarterly revenue was up .9% on a year-over-year basis. Equities research analysts forecast 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.