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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of unusually large options trading activity on Monday. Traders acquired 7,614 put options on the company. This is an increase of 160% compared to the average daily volume of 2,934 put options.

Hedge Funds Weigh In On Floor & Decor

Large investors have recently modified their holdings of the company. Quarry LP bought a new position in shares of Floor & Decor in the third quarter valued at approximately $34,000. Blue Trust Inc. boosted its position 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 acquiring an additional 196 shares during the period. Huntington National Bank raised its stake in Floor & Decor by 120.5% in the fourth quarter. Huntington National Bank now owns 344 shares of the company’s stock valued at $34,000 after purchasing an additional 188 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Floor & Decor in the fourth quarter valued at approximately $35,000. Finally, Bank of Jackson Hole Trust purchased a new stake in Floor & Decor in the fourth quarter valued at approximately $49,000.

Floor & Decor Price Performance

FND opened at $97.61 on Tuesday. The firm has a market cap of $10.47 billion, a P/E ratio of 51.37, a PEG ratio of 19.06 and a beta of 1.83. The firm has a 50-day moving average of $99.42 and a 200 day moving average of $106.05. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67.

Floor & Decor (NYSE:FND) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.14. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.08 billion. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. On average, research analysts expect that Floor & Decor will post 2 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FND shares. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $75.00 to $91.00 in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price target on shares of Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Piper Sandler lowered their target price on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $110.00 in a research note on Monday. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $115.00 target price on shares of Floor & Decor in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Floor & Decor presently has an average rating of “Hold” and an average target price of $106.68.

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.