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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of unusually large options trading on Thursday. Stock traders bought 3,615 put options on the stock. This is an increase of 69% compared to the typical daily volume of 2,133 put options.

Wall Street Analyst Weigh In

FND has been the topic of several recent analyst reports. Mizuho increased their price objective on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Melius Research assumed coverage on shares of Floor & Decor in a report on Monday, September 23rd. They issued a “sell” rating and a $80.00 price target on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $95.00 price objective on shares of Floor & Decor in a report on Monday, November 11th. Wedbush reaffirmed an “outperform” rating and issued a $110.00 price target on shares of Floor & Decor in a report on Friday, October 25th. Finally, Stifel Nicolaus lifted their price objective on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $104.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FND. Chris Bulman Inc purchased a new position in shares of Floor & Decor during the 2nd quarter worth $30,000. Blue Trust Inc. grew its stake in shares of Floor & Decor by 242.0% in the third quarter. Blue Trust Inc. now owns 277 shares of the company’s stock valued at $34,000 after buying an additional 196 shares in the last quarter. Quarry LP purchased a new stake in Floor & Decor during the third quarter worth about $34,000. Wilmington Savings Fund Society FSB acquired a new stake in Floor & Decor during the 3rd quarter worth approximately $74,000. Finally, UMB Bank n.a. boosted its holdings in Floor & Decor by 37.8% in the third quarter. UMB Bank n.a. now owns 715 shares of the company’s stock valued at $89,000 after purchasing an additional 196 shares during the period.

Floor & Decor Price Performance

NYSE:FND opened at $101.07 on Friday. Floor & Decor has a one year low of $89.06 and a one year high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a market cap of $10.84 billion, a price-to-earnings ratio of 56.15, a PEG ratio of 14.75 and a beta of 1.83. The firm’s fifty day moving average is $106.13 and its two-hundred day moving average is $106.69.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Floor & Decor had a net margin of 4.45% and a return on equity of 9.69%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter last year, the business earned $0.61 earnings per share. Research analysts expect that Floor & Decor will post 1.71 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.