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

Floor & Decor Holdings, Inc. (NYSE:FND) saw some unusual options trading activity on Thursday. Stock investors purchased 3,615 put options on the company. This is an increase of approximately 69% compared to the typical volume of 2,133 put options.

Analysts Set New Price Targets

FND has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Floor & Decor from $95.00 to $105.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Melius Research began coverage on Floor & Decor in a research note on Monday, September 23rd. They set a “sell” rating and a $80.00 price target for the company. Mizuho boosted their price target on Floor & Decor from $98.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Piper Sandler cut their price objective on shares of Floor & Decor from $119.00 to $118.00 and set a “neutral” rating on the stock in a research report on Monday, October 28th. Finally, Stifel Nicolaus boosted their target price on shares of Floor & Decor from $97.50 to $100.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $104.37.

Institutional Investors Weigh In On Floor & Decor

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

Floor & Decor Stock Performance

NYSE FND opened at $99.90 on Friday. The company’s fifty day moving average is $106.13 and its two-hundred day moving average is $106.69. Floor & Decor has a 52-week low of $89.06 and a 52-week high of $135.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 55.50, a P/E/G ratio of 14.75 and a beta of 1.82.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.06. Floor & Decor had a return on equity of 9.69% and a net margin of 4.45%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up .9% compared to the same quarter last year. Equities research analysts forecast 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.