Principal Financial Group Inc. Grows Stock Position in Floor & Decor Holdings, Inc. $FND

Key Points

• Principal Financial Group increased its stake in Floor & Decor to 6,421,067 shares (about 5.96%) worth roughly $390.98 million after acquiring 22,636 shares in Q4.
• Floor & Decor missed the quarter with $0.37 EPS vs. $0.42 expected and $1.15B revenue vs. $1.19B expected, and set FY2026 guidance of 1.83–2.08 EPS (analysts average ~1.98).
• Insider activity was mixed: CEO Bradley Paulsen bought 5,000 shares (~$50.25 avg) while EVP Ersan Sayman sold 15,200 shares (~$48.28 avg), with corporate insiders owning about 1.8%.

Principal Financial Group Inc. boosted its stake in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,421,067 shares of the company's stock after acquiring an additional 22,636 shares during the quarter. Principal Financial Group Inc. owned about 5.96% of Floor & Decor worth $390,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FND. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Floor & Decor by 9.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,833 shares of the company's stock worth $27,346,000 after acquiring an additional 30,195 shares during the period. Invesco Ltd. boosted its holdings in Floor & Decor by 290.8% in the 2nd quarter. Invesco Ltd. now owns 597,083 shares of the company's stock worth $45,354,000 after acquiring an additional 444,290 shares during the period. California Public Employees Retirement System boosted its holdings in Floor & Decor by 12.7% in the 2nd quarter. California Public Employees Retirement System now owns 140,132 shares of the company's stock worth $10,644,000 after acquiring an additional 15,821 shares during the period. State Street Corp boosted its holdings in Floor & Decor by 1.1% in the 2nd quarter. State Street Corp now owns 3,811,571 shares of the company's stock worth $289,527,000 after acquiring an additional 42,636 shares during the period. Finally, Sei Investments Co. boosted its holdings in Floor & Decor by 33.9% in the 2nd quarter. Sei Investments Co. now owns 343,573 shares of the company's stock worth $26,098,000 after acquiring an additional 87,013 shares during the period.

Floor & Decor Stock Down 4.6%

Shares of FND opened at $48.27 on Tuesday. The business's 50 day moving average is $55.44 and its two-hundred day moving average is $62.39. Floor & Decor Holdings, Inc. has a 52-week low of $46.47 and a 52-week high of $92.40. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.19 and a beta of 1.63.

Floor & Decor (NYSE:FND - Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.05). Floor & Decor had a net margin of 4.27% and a return on equity of 8.38%. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The business's revenue for the quarter was down .7% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 1.830-2.080 EPS. On average, equities analysts expect that Floor & Decor Holdings, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Zelman & Associates decreased their price target on Floor & Decor from $80.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, April 17th. Stifel Nicolaus set a $75.00 price target on Floor & Decor in a report on Friday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Floor & Decor in a research report on Monday, April 27th. Barclays cut their target price on Floor & Decor from $77.00 to $63.00 and set an "equal weight" rating on the stock in a research report on Friday, April 24th. Finally, Robert W. Baird set a $63.00 target price on Floor & Decor in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Floor & Decor has an average rating of "Hold" and a consensus target price of $60.74.

Insider Activity at Floor & Decor

In other news, CEO Bradley Paulsen purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average cost of $50.25 per share, with a total value of $251,250.00. Following the transaction, the chief executive officer owned 85,010 shares in the company, valued at approximately $4,271,752.50. The trade was a 6.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ersan Sayman sold 15,200 shares of the company's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $48.28, for a total value of $733,856.00. Following the sale, the executive vice president directly owned 71,676 shares in the company, valued at approximately $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.80% of the company's stock.

Key Floor & Decor News

Here are the key news stories impacting Floor & Decor this week:

• Positive Sentiment: Truist Financial maintained its Buy rating on FND, supporting demand from institutional investors. Truist Keeps Buy Rating on Floor & Decor
• Positive Sentiment: CEO Bradley Paulsen purchased 5,000 shares (~$50.25 avg), signaling management confidence and providing a modest positive signal to investors. CEO Form 4
• Positive Sentiment: CFO Bryan Langley bought 2,500 shares (~$48.69 avg), another insider purchase that partially offsets selling pressure. CFO Form 4
• Negative Sentiment: EVP Ersan Sayman sold 15,200 shares at about $48.28, a sizable insider sale that may amplify bearish sentiment. EVP Form 4
• Negative Sentiment: Wells Fargo lowered expectations for FND, adding analyst-driven downward pressure on the stock. Wells Fargo Lowers Expectations
• Negative Sentiment: Citigroup issued a pessimistic forecast for FND, which can weigh on momentum and investor confidence. Citigroup Pessimistic Forecast
• Negative Sentiment: Telsey Advisory Group also issued a pessimistic outlook, reinforcing the analyst-side headwinds. Telsey Pessimistic Forecast

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.

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