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

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on FND. Wedbush lowered shares of Floor & Decor from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $110.00 to $100.00 in a research report on Friday, February 14th. Piper Sandler lowered their price objective 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. JPMorgan Chase & Co. upped their target price on Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Stifel Nicolaus upgraded Floor & Decor from a “hold” rating to a “buy” rating and boosted their price target for the company from $100.00 to $110.00 in a research note on Monday, February 24th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $115.00 price objective on shares of Floor & Decor in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.83.

Institutional Trading of Floor & Decor

Several institutional investors have recently modified their holdings of FND. Challenger Wealth Management acquired a new stake in Floor & Decor in the 4th quarter worth about $249,000. Forum Financial Management LP acquired a new position in Floor & Decor in the 4th quarter valued at $202,000. Cache Advisors LLC purchased a new position in Floor & Decor in the 4th quarter valued at $219,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Floor & Decor by 10.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 309,638 shares of the company’s stock worth $30,871,000 after purchasing an additional 29,480 shares during the last quarter. Finally, Worldly Partners Management LLC grew its holdings in shares of Floor & Decor by 1.7% during the fourth quarter. Worldly Partners Management LLC now owns 1,037,380 shares of the company’s stock worth $103,427,000 after buying an additional 17,780 shares in the last quarter.

Floor & Decor Price Performance

Shares of Floor & Decor stock traded down $1.10 on Tuesday, hitting $84.73. The company’s stock had a trading volume of 510,374 shares, compared to its average volume of 1,494,706. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 44.62, a price-to-earnings-growth ratio of 19.06 and a beta of 1.95. Floor & Decor has a 1 year low of $82.72 and a 1 year high of $135.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.29 and a current ratio of 1.16. The firm has a fifty day moving average price of $96.70 and a 200-day moving average price of $104.45.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.08 billion. As a group, sell-side analysts anticipate that Floor & Decor will post 2 earnings per share for the current fiscal 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.