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

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of some unusual options trading on Wednesday. Investors purchased 53,584 put options on the stock. This represents an increase of approximately 9,091% compared to the average daily volume of 583 put options.

Floor & Decor Stock Up 3.1%

NYSE:FND opened at $45.59 on Friday. The company’s 50-day simple moving average is $50.15 and its 200-day simple moving average is $51.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.45 and a current ratio of 1.33. Floor & Decor has a fifty-two week low of $42.64 and a fifty-two week high of $77.46. The stock has a market capitalization of $4.86 billion, a P/E ratio of 21.21, a P/E/G ratio of 3.58 and a beta of 1.60.

Floor & Decor (NYSE:FND) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. Floor & Decor had a return on equity of 8.20% and a net margin of 4.93%. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $0.58 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Floor & Decor has set its FY 2026 guidance at 2.200-2.450 EPS. On average, equities analysts anticipate that Floor & Decor will post 1.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Thomas V. Taylor sold 218,189 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $62.30, for a total transaction of $13,593,174.70. Following the transaction, the insider owned 229,820 shares of the company’s stock, valued at approximately $14,317,786. This represents a 48.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Floor & Decor

Several hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in Floor & Decor by 3,263.2% in the 3rd quarter. Versant Capital Management Inc now owns 639 shares of the company’s stock worth $29,000 after acquiring an additional 620 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Floor & Decor during the 1st quarter worth about $31,000. Leonteq Securities AG grew its stake in Floor & Decor by 320.7% during the 1st quarter. Leonteq Securities AG now owns 1,077 shares of the company’s stock valued at $55,000 after purchasing an additional 821 shares during the last quarter. GK Wealth Management LLC purchased a new stake in Floor & Decor during the 3rd quarter valued at about $57,000. Finally, Trust Co. of Vermont purchased a new stake in Floor & Decor during the 2nd quarter valued at about $68,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on FND. Zacks Research raised Floor & Decor from a “strong sell” rating to a “hold” rating in a research report on Friday, July 3rd. Wall Street Zen upgraded Floor & Decor from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings downgraded Floor & Decor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th. UBS Group boosted their target price on shares of Floor & Decor from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. Finally, Evercore set a $50.00 target price on shares of Floor & Decor in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $58.74.

Floor & Decor Company Profile

Floor & Decor Holdings, Inc is a specialty retailer focused on hard-surface flooring and related products. The company sells tile, natural stone, wood, laminate and luxury vinyl flooring, along with installation materials, tools, accessories and decorative products for residential and commercial projects.

Floor & Decor operates warehouse-format stores and an e-commerce platform serving do-it-yourself customers, professional contractors, designers and commercial clients. Its stores generally offer a broad selection of in-stock flooring products, design services, installation supplies and related project resources.

Founded in 2000 and headquartered in Atlanta, Georgia, the company serves customers across the United States.