Floor & Decor Sees Unusually High Options Volume (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) saw some unusual options trading activity on Friday. Investors acquired 9,945 put options on the company. This represents an increase of approximately 170% compared to the average volume of 3,681 put options.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup cut their price objective on shares of Floor & Decor from $109.00 to $104.00 and set a “neutral” rating on the stock in a report on Friday, July 19th. Wells Fargo & Company cut their price objective on shares of Floor & Decor from $125.00 to $95.00 and set an “equal weight” rating on the stock in a report on Friday. TD Cowen cut their price objective on shares of Floor & Decor from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, July 12th. Piper Sandler boosted their price objective on shares of Floor & Decor from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Finally, Wedbush cut their price objective on shares of Floor & Decor from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Monday. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and an average price target of $106.33.

Floor & Decor Stock Performance

Shares of NYSE:FND traded up $2.62 during trading on Friday, reaching $96.06. 2,001,733 shares of the company’s stock traded hands, compared to its average volume of 1,465,414. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.17 and a quick ratio of 0.21. The company has a 50 day moving average of $106.81 and a 200-day moving average of $111.88. The stock has a market capitalization of $10.28 billion, a P/E ratio of 46.42, a price-to-earnings-growth ratio of 9.66 and a beta of 1.73. Floor & Decor has a 12 month low of $76.30 and a 12 month high of $135.67.

Floor & Decor (NYSE:FND) last posted its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. Floor & Decor’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.66 EPS. On average, equities analysts expect that Floor & Decor will post 1.83 EPS for the current year.

Insider Buying and Selling at Floor & Decor

In related news, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the transaction, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Thomas V. Taylor sold 34,199 shares of Floor & Decor stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the transaction, the chief executive officer now owns 168,386 shares in the company, valued at approximately $21,048,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Starrett sold 5,000 shares of Floor & Decor stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $118.24, for a total transaction of $591,200.00. Following the transaction, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The disclosure for this sale can be found here. Insiders have sold a total of 41,778 shares of company stock worth $5,182,791 in the last quarter. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Floor & Decor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in Floor & Decor in the 1st quarter worth approximately $26,000. Mendota Financial Group LLC purchased a new stake in Floor & Decor in the 4th quarter worth approximately $33,000. Rise Advisors LLC purchased a new stake in Floor & Decor in the 1st quarter worth approximately $39,000. J.Safra Asset Management Corp lifted its position in Floor & Decor by 630.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 431 shares of the company’s stock worth $43,000 after buying an additional 372 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its position in Floor & Decor by 97.1% in the 1st quarter. Global Retirement Partners LLC now owns 339 shares of the company’s stock worth $44,000 after buying an additional 167 shares in the last quarter.

About Floor & Decor

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.