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

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price target on Floor & Decor from $103.00 to $110.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research note on Thursday, January 30th. Piper Sandler dropped their price target 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. Gordon Haskett raised shares of 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. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $115.00 target price on shares of Floor & Decor in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus target price of $104.83.

Floor & Decor Stock Down 1.3 %

Floor & Decor stock traded down $1.10 during mid-day trading on Tuesday, reaching $84.73. 510,374 shares of the company’s stock were exchanged, compared to its average volume of 1,494,706. The company has a fifty day moving average of $96.70 and a 200-day moving average of $104.45. The company has a market cap of $9.10 billion, a P/E ratio of 44.62, a P/E/G ratio of 19.06 and a beta of 1.95. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.09. Floor & Decor has a twelve month low of $82.72 and a twelve month high of $135.67.

Floor & Decor (NYSE:FND) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.14. Floor & Decor had a return on equity of 9.80% and a net margin of 4.62%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Sell-side analysts expect that Floor & Decor will post 2 EPS for the current year.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors lifted its stake in Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Floor & Decor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock worth $976,319,000 after purchasing an additional 133,766 shares during the last quarter. FMR LLC grew its stake in shares of Floor & Decor by 34.7% during the third quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after purchasing an additional 1,291,214 shares in the last quarter. State Street Corp increased its holdings in Floor & Decor by 6.3% in the third quarter. State Street Corp now owns 3,769,808 shares of the company’s stock valued at $468,097,000 after buying an additional 222,980 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in Floor & Decor by 3.9% in the third quarter. Wasatch Advisors LP now owns 2,252,815 shares of the company’s stock valued at $279,732,000 after buying an additional 85,299 shares during the last quarter.

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.