Stock Traders Buy Large Volume of Floor & Decor Put Options (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of unusually large options trading on Tuesday. Traders purchased 9,112 put options on the stock. This represents an increase of approximately 231% compared to the typical daily volume of 2,749 put options.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Telsey Advisory Group restated a “market perform” rating and issued a $95.00 price target on shares of Floor & Decor in a research report on Friday, October 25th. Guggenheim decreased their target price on Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wells Fargo & Company lifted their price target on Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday. Piper Sandler reduced their price objective on Floor & Decor from $119.00 to $118.00 and set a “neutral” rating for the company in a research note on Monday. Finally, TD Cowen lowered their target price on Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.76.

Hedge Funds Weigh In On Floor & Decor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its stake in Floor & Decor by 5.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,066 shares of the company’s stock valued at $1,046,000 after buying an additional 404 shares during the last quarter. State of Michigan Retirement System grew its position in shares of Floor & Decor by 2.3% in the first quarter. State of Michigan Retirement System now owns 26,200 shares of the company’s stock valued at $3,396,000 after purchasing an additional 600 shares during the last quarter. Norden Group LLC bought a new position in shares of Floor & Decor in the first quarter worth about $452,000. HB Wealth Management LLC acquired a new position in shares of Floor & Decor during the 1st quarter worth about $202,000. Finally, Retirement Systems of Alabama lifted its position in shares of Floor & Decor by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 133,825 shares of the company’s stock worth $17,346,000 after purchasing an additional 351 shares during the last quarter.

Floor & Decor Stock Up 0.4 %

Shares of FND stock traded up $0.39 on Wednesday, hitting $100.51. The company’s stock had a trading volume of 1,179,914 shares, compared to its average volume of 1,422,728. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.27. The stock has a market capitalization of $10.76 billion, a price-to-earnings ratio of 48.34, a P/E/G ratio of 13.92 and a beta of 1.80. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The firm’s fifty day moving average price is $112.00 and its 200-day moving average price is $108.92.

Floor & Decor (NYSE:FND) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Floor & Decor had a return on equity of 10.69% and a net margin of 4.78%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Research analysts anticipate that Floor & Decor will post 1.67 EPS for the current year.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.