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

Principal Financial Group Inc. lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 6.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 538,555 shares of the company’s stock after acquiring an additional 30,310 shares during the quarter. Principal Financial Group Inc.’s holdings in Floor & Decor were worth $66,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its position in Floor & Decor by 221.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 483,752 shares of the company’s stock worth $60,067,000 after purchasing an additional 333,338 shares during the last quarter. Conway Capital Management Inc. purchased a new stake in shares of Floor & Decor during the 3rd quarter valued at $1,090,000. Citigroup Inc. raised its stake in shares of Floor & Decor by 27.2% during the 3rd quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock worth $9,632,000 after purchasing an additional 16,569 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Floor & Decor by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock worth $103,003,000 after buying an additional 12,109 shares during the last quarter. Finally, Scientech Research LLC grew 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 buying an additional 13,850 shares during the period.

Floor & Decor Stock Performance

NYSE FND opened at $101.38 on Friday. The company’s 50 day simple moving average is $106.92 and its two-hundred day simple moving average is $107.12. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor Holdings, Inc. has a 1 year low of $89.06 and a 1 year high of $135.67. The stock has a market capitalization of $10.87 billion, a PE ratio of 56.32, a P/E/G ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $0.61 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year. Analysts predict that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on FND shares. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Floor & Decor in a research report on Friday, October 25th. Mizuho lifted their price target on shares of Floor & Decor from $98.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price objective on Floor & Decor from $97.50 to $100.00 and gave the company a “hold” rating in a report on Monday, November 4th. Piper Sandler lowered their target price on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research note on Monday, October 28th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $95.00 price target on shares of Floor & Decor in a research note on Monday, November 11th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $104.37.

About Floor & Decor

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.