Stock Traders Buy Large Volume of Floor & Decor Put Options (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of some unusual options trading activity on Friday. Traders bought 5,298 put options on the stock. This is an increase of 61% compared to the average volume of 3,294 put options.

Wall Street Analyst Weigh In

Several brokerages have commented on FND. Mizuho cut their price target on shares of Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Telsey Advisory Group restated a “market perform” rating and set a $110.00 price objective on shares of Floor & Decor in a research note on Monday, April 29th. Guggenheim boosted their price objective on shares of Floor & Decor from $115.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Evercore ISI boosted their price objective on shares of Floor & Decor from $120.00 to $125.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 14th. Finally, Stifel Nicolaus lowered their price objective on shares of Floor & Decor from $115.00 to $110.00 and set a “hold” rating on the stock in a research note on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $109.24.

Floor & Decor Stock Performance

FND traded down $3.17 on Friday, reaching $118.19. The company had a trading volume of 1,127,706 shares, compared to its average volume of 1,297,819. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The stock has a market cap of $12.65 billion, a P/E ratio of 57.10, a P/E/G ratio of 12.55 and a beta of 1.78. The company’s fifty day moving average is $115.16 and its 200 day moving average is $112.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, May 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. As a group, analysts predict that Floor & Decor will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Floor & Decor

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. grew its position in shares of Floor & Decor by 4.6% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 2,202 shares of the company’s stock worth $285,000 after purchasing an additional 96 shares in the last quarter. Vancity Investment Management Ltd lifted its holdings in shares of Floor & Decor by 1.5% during the 1st quarter. Vancity Investment Management Ltd now owns 7,649 shares of the company’s stock worth $991,000 after acquiring an additional 111 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Floor & Decor by 24.4% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 577 shares of the company’s stock worth $64,000 after acquiring an additional 113 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Floor & Decor by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,389 shares of the company’s stock worth $2,609,000 after acquiring an additional 117 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Floor & Decor by 2.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 5,141 shares of the company’s stock worth $574,000 after acquiring an additional 120 shares during the period.

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.