Principal Securities Inc. Reduces Holdings in Floor & Decor Holdings, Inc. (NYSE:FND)

Principal Securities Inc. trimmed its stake in Floor & Decor Holdings, Inc. (NYSE:FND) by 38.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 996 shares of the company’s stock after selling 629 shares during the period. Principal Securities Inc.’s holdings in Floor & Decor were worth $99,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC increased its stake in shares of Floor & Decor by 34.7% in the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after acquiring an additional 1,291,214 shares in the last quarter. State Street Corp boosted its holdings in shares of Floor & Decor by 6.3% during the 3rd quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after acquiring an additional 222,980 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of Floor & Decor by 3.9% during the 3rd quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after acquiring an additional 85,299 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Floor & Decor by 1.4% in the third quarter. Geode Capital Management LLC now owns 1,790,280 shares of the company’s stock worth $222,357,000 after buying an additional 24,509 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Floor & Decor by 16.0% in the third quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock worth $200,865,000 after buying an additional 223,332 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FND shares. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $75.00 to $91.00 in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a report on Friday, February 21st. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $110.00 in a report on Monday. Piper Sandler lowered their price target on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Finally, Wedbush downgraded shares of Floor & Decor from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $110.00 to $100.00 in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Floor & Decor presently has a consensus rating of “Hold” and a consensus price target of $106.68.

Floor & Decor Price Performance

Floor & Decor stock opened at $102.46 on Thursday. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 53.93, a PEG ratio of 19.06 and a beta of 1.83. The firm’s fifty day moving average is $99.27 and its 200 day moving average is $106.03. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor Holdings, Inc. has a 52-week low of $89.06 and a 52-week high of $135.67.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Sell-side analysts forecast that Floor & Decor Holdings, Inc. will post 2 EPS for the current fiscal year.

About Floor & Decor

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.