Floor & Decor Holdings, Inc. $FND Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its position in Floor & Decor Holdings, Inc. (NYSE:FND) by 6.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,837,639 shares of the company’s stock after buying an additional 416,572 shares during the quarter. Principal Financial Group Inc. owned approximately 0.06% of Floor & Decor worth $347,354,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cibc World Market Inc. raised its holdings in shares of Floor & Decor by 1.6% during the fourth quarter. Cibc World Market Inc. now owns 9,253 shares of the company’s stock valued at $563,000 after acquiring an additional 146 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Floor & Decor by 50.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 552 shares of the company’s stock worth $34,000 after purchasing an additional 186 shares during the period. Capital Analysts LLC boosted its stake in Floor & Decor by 32.2% in the 4th quarter. Capital Analysts LLC now owns 767 shares of the company’s stock worth $47,000 after purchasing an additional 187 shares during the period. Global Retirement Partners LLC grew its position in Floor & Decor by 35.5% during the 4th quarter. Global Retirement Partners LLC now owns 722 shares of the company’s stock worth $44,000 after purchasing an additional 189 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in Floor & Decor by 0.3% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 78,410 shares of the company’s stock valued at $5,895,000 after purchasing an additional 221 shares during the period.

Floor & Decor Stock Down 4.0%

Shares of NYSE:FND opened at $54.86 on Tuesday. The firm has a fifty day moving average of $51.67 and a two-hundred day moving average of $58.09. Floor & Decor Holdings, Inc. has a 12-month low of $42.64 and a 12-month high of $92.40. The firm has a market capitalization of $5.92 billion, a P/E ratio of 29.82, a price-to-earnings-growth ratio of 4.92 and a beta of 1.58.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). Floor & Decor had a return on equity of 8.38% and a net margin of 4.27%.The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the company posted $0.46 earnings per share. The company’s 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. Equities research analysts expect that Floor & Decor Holdings, Inc. will post 1.92 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on FND shares. Guggenheim reduced their target price on Floor & Decor from $90.00 to $65.00 and set a “buy” rating for the company in a report on Friday, May 1st. UBS Group dropped their price target on Floor & Decor from $70.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Stifel Nicolaus set a $75.00 price objective on Floor & Decor in a research report on Friday, May 1st. Mizuho decreased their price objective on Floor & Decor from $72.00 to $58.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. lowered their target price on Floor & Decor from $78.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $59.67.

Insiders Place Their Bets

In other news, CEO Bradley Paulsen bought 5,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 85,010 shares in the company, valued at approximately $4,271,752.50. This trade represents a 6.25% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ersan Sayman sold 15,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was 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 of the company’s stock, valued at $3,460,517.28. This trade represents a 17.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.80% of the company’s stock.

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.