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

Floor & Decor Holdings, Inc. (NYSE:FND) saw unusually large options trading on Monday. Stock traders purchased 5,142 put options on the stock. This is an increase of 84% compared to the average volume of 2,787 put options.

Institutional Investors Weigh In On Floor & Decor

Hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its holdings in Floor & Decor by 42.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 514 shares of the company’s stock worth $41,000 after purchasing an additional 152 shares in the last quarter. State of Wyoming bought a new stake in shares of Floor & Decor during the second quarter valued at approximately $46,000. Zions Bancorporation National Association UT bought a new stake in shares of Floor & Decor during the first quarter valued at approximately $47,000. eCIO Inc. bought a new stake in shares of Floor & Decor during the first quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Floor & Decor by 42.6% during the first quarter. First Horizon Advisors Inc. now owns 853 shares of the company’s stock valued at $69,000 after acquiring an additional 255 shares in the last quarter.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler reduced their target price on Floor & Decor from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, August 1st. Evercore ISI reduced their price objective on Floor & Decor from $85.00 to $80.00 and set an “in-line” rating on the stock in a research note on Tuesday, June 24th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Floor & Decor in a research note on Tuesday, August 12th. Guggenheim reduced their price objective on Floor & Decor from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Finally, Wall Street Zen lowered Floor & Decor from a “hold” rating to a “sell” rating in a research note on Friday, June 27th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Floor & Decor currently has an average rating of “Hold” and a consensus price target of $88.56.

Floor & Decor Stock Performance

Shares of FND stock opened at $86.82 on Wednesday. The business’s 50-day moving average price is $81.64 and its 200-day moving average price is $79.40. Floor & Decor has a 12 month low of $66.01 and a 12 month high of $124.68. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 44.52, a PEG ratio of 3.76 and a beta of 1.68. The company has a current ratio of 1.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.08.

Floor & Decor (NYSE:FND) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. Floor & Decor had a return on equity of 9.36% and a net margin of 4.59%.The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the company earned $0.52 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. Floor & Decor has set its FY 2025 guidance at 1.750-2.000 EPS. Equities research analysts forecast that Floor & Decor will post 2 EPS for the current year.

About Floor & Decor

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.