Floor & Decor Target of Unusually High Options Trading (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) saw unusually large options trading activity on Tuesday. Stock traders bought 9,112 put options on the stock. This is an increase of 231% compared to the average daily volume of 2,749 put options.

Wall Street Analysts Forecast Growth

FND has been the subject of a number of recent research reports. Guggenheim reduced their price objective on shares of Floor & Decor from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. TD Cowen decreased their price objective 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. Wedbush restated an “outperform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Friday, October 25th. Citigroup reduced their target price on Floor & Decor from $109.00 to $104.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Finally, Piper Sandler lowered their price target on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $104.76.

Institutional Trading of Floor & Decor

A number of institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors raised its holdings in Floor & Decor by 20.4% during the 1st quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after buying an additional 1,334,650 shares during the last quarter. XN LP purchased a new position in shares of Floor & Decor in the second quarter valued at about $70,177,000. Lord Abbett & CO. LLC bought a new position in shares of Floor & Decor during the first quarter valued at about $24,791,000. Natixis Advisors LLC boosted its holdings in shares of Floor & Decor by 94.7% during the second quarter. Natixis Advisors LLC now owns 356,690 shares of the company’s stock worth $35,459,000 after purchasing an additional 173,518 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Floor & Decor in the second quarter worth about $14,953,000.

Floor & Decor Trading Up 0.8 %

FND stock opened at $100.88 on Thursday. Floor & Decor has a one year low of $76.30 and a one year high of $135.67. The company has a market capitalization of $10.80 billion, a PE ratio of 48.73, a price-to-earnings-growth ratio of 13.92 and a beta of 1.80. The company’s 50 day moving average price is $112.00 and its two-hundred day moving average price is $108.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.27 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Floor & Decor had a net margin of 4.78% and a return on equity of 10.69%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business posted $0.66 earnings per share. The company’s revenue was down .2% on a year-over-year basis. As a group, analysts predict that Floor & Decor will post 1.67 earnings per share for the current fiscal 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.