Principal Financial Group Inc. Acquires 926,208 Shares of Floor & Decor Holdings, Inc. (NYSE:FND)

Principal Financial Group Inc. lifted its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 172.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,464,763 shares of the company’s stock after buying an additional 926,208 shares during the quarter. Principal Financial Group Inc.’s holdings in Floor & Decor were worth $146,037,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock worth $34,000 after buying an additional 196 shares in the last quarter. Quarry LP purchased a new stake in shares of Floor & Decor in the third quarter worth about $34,000. Allworth Financial LP lifted its position in shares of Floor & Decor by 46.3% in the fourth quarter. Allworth Financial LP now owns 575 shares of the company’s stock worth $58,000 after buying an additional 182 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Floor & Decor in the third quarter worth about $74,000. Finally, UMB Bank n.a. lifted its position in shares of Floor & Decor by 30.8% in the fourth quarter. UMB Bank n.a. now owns 935 shares of the company’s stock worth $93,000 after buying an additional 220 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently commented on FND. The Goldman Sachs Group downgraded Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 30th. Wedbush downgraded Floor & Decor from an “outperform” rating to a “neutral” rating and cut their target price for the company from $110.00 to $100.00 in a research report on Friday. Stifel Nicolaus raised their price target on Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company boosted their price objective on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Mizuho increased their target price on shares of Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.22.

Floor & Decor Price Performance

NYSE:FND opened at $97.54 on Tuesday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $10.46 billion, a P/E ratio of 54.19, a P/E/G ratio of 11.51 and a beta of 1.83. Floor & Decor Holdings, Inc. has a 52 week low of $89.06 and a 52 week high of $135.67. The stock’s fifty day moving average is $100.95 and its two-hundred day moving average is $106.11.

Floor & Decor Company Profile

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.