Floor & Decor Holdings, Inc. (NYSE:FND) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 3,355.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 444,583 shares of the company’s stock after acquiring an additional 431,718 shares during the quarter. Principal Financial Group Inc. owned about 0.42% of Floor & Decor worth $49,598,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Floor & Decor in the 3rd quarter valued at about $30,000. Mendota Financial Group LLC acquired a new stake in Floor & Decor during the 4th quarter worth $33,000. GAMMA Investing LLC purchased a new stake in Floor & Decor in the fourth quarter valued at $53,000. NBC Securities Inc. purchased a new stake in shares of Floor & Decor in the 3rd quarter valued at about $60,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Floor & Decor by 24.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock valued at $64,000 after acquiring an additional 113 shares during the period.

Floor & Decor Price Performance

FND stock opened at $122.78 on Thursday. The firm has a 50 day moving average of $118.65 and a 200-day moving average of $108.44. Floor & Decor Holdings, Inc. has a 12-month low of $76.30 and a 12-month high of $135.67. The company has a current ratio of 1.17, a quick ratio of 0.21 and a debt-to-equity ratio of 0.10. The company has a market cap of $13.14 billion, a price-to-earnings ratio of 59.31, a PEG ratio of 7.25 and a beta of 1.86.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the firm earned $0.66 EPS. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. As a group, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.89 EPS for the current fiscal year.

Insider Activity

In other news, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $123.28, for a total transaction of $1,602,640.00. Following the completion of the sale, the president now directly owns 170,844 shares in the company, valued at approximately $21,061,648.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Thomas V. Taylor sold 20,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.11, for a total transaction of $2,462,200.00. Following the completion of the transaction, the chief executive officer now directly owns 174,315 shares in the company, valued at approximately $21,459,919.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Trevor Lang sold 13,000 shares of Floor & Decor stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $123.28, for a total value of $1,602,640.00. Following the transaction, the president now owns 170,844 shares of the company’s stock, valued at $21,061,648.32. The disclosure for this sale can be found here. In the last three months, insiders sold 98,446 shares of company stock worth $11,924,005. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on FND. Evercore ISI lifted their price objective on shares of Floor & Decor from $120.00 to $125.00 and gave the company an “in-line” rating in a research note on Tuesday. Piper Sandler raised their price target on Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Truist Financial raised their price target on Floor & Decor from $102.00 to $127.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Telsey Advisory Group reissued a “market perform” rating and set a $110.00 price target on shares of Floor & Decor in a report on Monday, April 29th. Finally, UBS Group lowered their price target on Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $109.24.

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.