Principal Financial Group Inc. Has $243.28 Million Stock Position in Floor & Decor Holdings, Inc. (NYSE:FND)

Principal Financial Group Inc. grew its position in Floor & Decor Holdings, Inc. (NYSE:FND - Free Report) by 106.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,023,172 shares of the company's stock after acquiring an additional 1,558,409 shares during the quarter. Principal Financial Group Inc. owned about 2.81% of Floor & Decor worth $243,275,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Teacher Retirement System of Texas increased its holdings in shares of Floor & Decor by 242.6% in the first quarter. Teacher Retirement System of Texas now owns 22,407 shares of the company's stock valued at $1,803,000 after purchasing an additional 15,867 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Floor & Decor by 42.6% in the 1st quarter. First Horizon Advisors Inc. now owns 853 shares of the company's stock worth $69,000 after acquiring an additional 255 shares during the last quarter. J.Safra Asset Management Corp boosted its position in shares of Floor & Decor by 71.9% during the first quarter. J.Safra Asset Management Corp now owns 2,144 shares of the company's stock worth $173,000 after buying an additional 897 shares during the period. KBC Group NV grew its position in Floor & Decor by 12.2% in the 1st quarter. KBC Group NV now owns 4,811 shares of the company's stock valued at $387,000 after acquiring an additional 523 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Floor & Decor in the first quarter valued at approximately $25,065,000.

Floor & Decor Stock Down 0.8%

Shares of NYSE FND traded down $0.67 during trading on Friday, reaching $82.07. 1,021,309 shares of the stock were exchanged, compared to its average volume of 1,848,512. Floor & Decor Holdings, Inc. has a twelve month low of $66.01 and a twelve month high of $124.68. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 43.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.70. The company has a quick ratio of 0.27, a current ratio of 1.22 and a debt-to-equity ratio of 0.09. The business's 50-day moving average price is $75.24 and its 200 day moving average price is $85.45.

Floor & Decor (NYSE:FND - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. Floor & Decor had a return on equity of 9.32% and a net margin of 4.53%. The firm had revenue of $1.16 billion for the quarter, compared to analysts' expectations of $1.16 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Floor & Decor's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FND has been the topic of several recent research reports. Barclays cut their price target on Floor & Decor from $91.00 to $78.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company dropped their price target on Floor & Decor from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Stifel Nicolaus reduced their target price on shares of Floor & Decor from $110.00 to $92.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Guggenheim lowered their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Finally, Loop Capital lowered their price objective on Floor & Decor from $95.00 to $75.00 and set a "hold" rating on the stock in a report on Tuesday, May 6th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $93.00.

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.