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

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

Institutional Trading of Floor & Decor

Hedge funds have recently added to or reduced their stakes in the stock. Atria Investments Inc lifted its stake in shares of Floor & Decor by 4.0% in the 3rd quarter. Atria Investments Inc now owns 7,004 shares of the company’s stock valued at $870,000 after acquiring an additional 267 shares during the last quarter. KBC Group NV raised its position in Floor & Decor by 9.0% in the third quarter. KBC Group NV now owns 2,825 shares of the company’s stock valued at $351,000 after purchasing an additional 234 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Floor & Decor by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,106 shares of the company’s stock valued at $386,000 after purchasing an additional 110 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Floor & Decor by 8.8% during the third quarter. Thrivent Financial for Lutherans now owns 31,818 shares of the company’s stock worth $3,951,000 after purchasing an additional 2,586 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Floor & Decor in the third quarter valued at approximately $1,887,000.

Analysts Set New Price Targets

Several analysts recently weighed in on FND shares. Wedbush cut Floor & Decor from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $110.00 to $100.00 in a report on Friday, February 14th. Gordon Haskett raised shares of Floor & Decor from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, February 21st. Stifel Nicolaus upgraded shares of Floor & Decor from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $110.00 in a research note on Monday, February 24th. The Goldman Sachs Group cut shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 price objective for the company. in a research note on Thursday, January 30th. Finally, Barclays upgraded shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $75.00 to $91.00 in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.83.

Floor & Decor Price Performance

Floor & Decor stock opened at $82.90 on Thursday. The stock has a fifty day moving average of $96.22 and a 200-day moving average of $104.10. The stock has a market capitalization of $8.90 billion, a P/E ratio of 43.63, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. 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 52 week low of $81.38 and a 52 week high of $135.67.

Floor & Decor (NYSE:FND) last issued its earnings results on Thursday, February 20th. The company reported $0.39 EPS for the quarter, topping 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. On average, sell-side analysts expect that Floor & Decor will post 2 earnings per share for the current fiscal year.

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.