Floor & Decor Holdings, Inc. $FND Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Floor & Decor Holdings, Inc. (NYSE:FND) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund 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 approximately 0.06% of Floor & Decor worth $390,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FND. AlphaQuest LLC grew its stake in Floor & Decor by 27.2% during the 3rd quarter. AlphaQuest LLC now owns 805 shares of the company’s stock worth $59,000 after buying an additional 172 shares during the last quarter. Fifth Third Bancorp grew its stake in Floor & Decor by 19.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,141 shares of the company’s stock worth $84,000 after buying an additional 182 shares during the last quarter. Bank of Jackson Hole Trust grew its stake in Floor & Decor by 37.7% during the 3rd quarter. Bank of Jackson Hole Trust now owns 679 shares of the company’s stock worth $50,000 after buying an additional 186 shares during the last quarter. Amalgamated Bank grew its stake in Floor & Decor by 0.4% during the 3rd quarter. Amalgamated Bank now owns 50,069 shares of the company’s stock worth $3,690,000 after buying an additional 217 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Floor & Decor by 0.3% in the third quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock worth $5,895,000 after purchasing an additional 221 shares in the last quarter.

Trending Headlines about Floor & Decor

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Barclays decreased their price target on Floor & Decor from $77.00 to $63.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Wells Fargo & Company decreased their target price on Floor & Decor from $70.00 to $50.00 and set an “equal weight” rating for the company in a research note on Friday. Evercore set a $51.00 target price on Floor & Decor in a research note on Friday. Morgan Stanley reaffirmed a “positive” rating and set a $56.00 target price on shares of Floor & Decor in a research note on Friday. Finally, Stifel Nicolaus set a $75.00 target price on Floor & Decor in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $60.74.

Floor & Decor Stock Down 4.6%

Shares of FND stock opened at $48.27 on Tuesday. The stock has a 50-day simple moving average of $55.44 and a 200 day simple moving average of $62.39. Floor & Decor Holdings, Inc. has a fifty-two week low of $46.47 and a fifty-two week high of $92.40. The stock has a market capitalization of $5.21 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.19 and a beta of 1.63.

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

Insider Activity

In other news, EVP Ersan Sayman sold 15,200 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $48.28, for a total transaction of $733,856.00. Following the completion of the sale, the executive vice president directly owned 71,676 shares of the company’s stock, valued at $3,460,517.28. This represents a 17.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Bradley Paulsen bought 5,000 shares of Floor & Decor stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $50.25 per share, with a total value of $251,250.00. Following the completion of the acquisition, the chief executive officer owned 85,010 shares of the company’s stock, valued at $4,271,752.50. The trade was a 6.25% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.80% of the stock is currently owned by company insiders.

Floor & Decor 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.