Principal Financial Group Inc. Has $66.87 Million Stock Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Principal Financial Group Inc. raised its holdings in Floor & Decor Holdings, Inc. (NYSE:FND) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 538,555 shares of the company’s stock after acquiring an additional 30,310 shares during the quarter. Principal Financial Group Inc. owned approximately 0.50% of Floor & Decor worth $66,872,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its holdings 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 valued at $60,067,000 after purchasing an additional 333,338 shares during the period. Conway Capital Management Inc. bought a new stake in shares of Floor & Decor in the 3rd quarter valued at about $1,090,000. Citigroup Inc. increased its stake in shares of Floor & Decor by 27.2% in the third quarter. Citigroup Inc. now owns 77,568 shares of the company’s stock valued at $9,632,000 after buying an additional 16,569 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Floor & Decor by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 829,530 shares of the company’s stock valued at $103,003,000 after buying an additional 12,109 shares during the period. Finally, Scientech Research LLC raised its position in shares of Floor & Decor by 353.0% during the second quarter. Scientech Research LLC now owns 17,773 shares of the company’s stock worth $1,767,000 after acquiring an additional 13,850 shares during the last quarter.

Floor & Decor Price Performance

Shares of NYSE FND opened at $101.38 on Friday. The stock has a market cap of $10.87 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 14.75 and a beta of 1.82. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor Holdings, Inc. has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The firm’s 50-day simple moving average is $106.92 and its 200 day simple moving average is $107.12.

Floor & Decor (NYSE:FND) last posted its earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share for the quarter, beating 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 analyst estimates of $1.14 billion. During the same quarter last year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. As a group, research analysts anticipate that Floor & Decor Holdings, Inc. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Wells Fargo & Company upped 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. Stifel Nicolaus increased their price objective 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. Piper Sandler dropped their target price on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday, October 28th. Melius Research began coverage on Floor & Decor in a report on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Finally, Mizuho boosted their price objective on 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, twelve have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock 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.