Investors Purchase Large Volume of Floor & Decor Put Options (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) saw unusually large options trading on Tuesday. Investors acquired 13,802 put options on the stock. This is an increase of 380% compared to the typical daily volume of 2,873 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its stake in Floor & Decor by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock worth $2,971,000 after purchasing an additional 100 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Floor & Decor by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock worth $386,000 after purchasing an additional 110 shares in the last quarter. Advisory Research Inc. lifted its stake in Floor & Decor by 0.7% in the 4th quarter. Advisory Research Inc. now owns 17,271 shares of the company’s stock worth $1,722,000 after purchasing an additional 115 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Floor & Decor by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 3,416 shares of the company’s stock worth $341,000 after purchasing an additional 120 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Floor & Decor by 1.9% during the 4th quarter. Teacher Retirement System of Texas now owns 6,540 shares of the company’s stock valued at $652,000 after buying an additional 122 shares during the period.

Floor & Decor Trading Down 2.2 %

FND stock opened at $83.97 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The business’s 50-day moving average is $96.48 and its 200 day moving average is $104.25. Floor & Decor has a 12-month low of $83.64 and a 12-month high of $135.67. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 44.19, a PEG ratio of 19.06 and a beta of 1.95.

Floor & Decor (NYSE:FND) last released its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.08 billion. On average, sell-side analysts anticipate that Floor & Decor will post 2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Gordon Haskett raised Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, February 21st. Piper Sandler cut their price target on Floor & Decor from $118.00 to $103.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Barclays raised Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Stifel Nicolaus raised Floor & Decor from a “hold” rating to a “buy” rating and increased their price target for the stock from $100.00 to $110.00 in a research report on Monday, February 24th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a research report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $104.83.

Floor & Decor Company Profile

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.