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

Principal Financial Group Inc. increased its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 538,555 shares of the company’s stock after purchasing an additional 30,310 shares during the period. Principal Financial Group Inc.’s holdings in Floor & Decor were worth $66,872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in FND. Chris Bulman Inc bought a new position in Floor & Decor during the second quarter worth $30,000. Blue Trust Inc. increased its holdings in shares of Floor & Decor by 242.0% during the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after purchasing an additional 196 shares during the period. J.Safra Asset Management Corp increased its holdings in shares of Floor & Decor by 630.5% during the second quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock valued at $43,000 after purchasing an additional 372 shares during the period. GAMMA Investing LLC increased its holdings in shares of Floor & Decor by 36.7% during the second quarter. GAMMA Investing LLC now owns 704 shares of the company’s stock valued at $70,000 after purchasing an additional 189 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Floor & Decor by 37.8% during the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares during the period.

Floor & Decor Stock Performance

FND opened at $100.49 on Friday. The stock 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 current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 1 year low of $77.01 and a 1 year high of $135.67. The stock’s 50 day simple moving average is $110.92 and its 200-day simple moving average is $108.62.

Floor & Decor (NYSE:FND) last released its quarterly earnings data 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 analysts’ expectations of $1.14 billion. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. Floor & Decor’s quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 1.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FND. Melius Research began coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $110.00 target price on shares of Floor & Decor in a report on Friday, October 25th. Guggenheim lowered their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Telsey Advisory Group reissued a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research note on Thursday, October 31st. Finally, Robert W. Baird dropped their price target on Floor & Decor from $127.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.37.

Floor & Decor Company 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.