Traders Buy High Volume of Put Options on Floor & Decor (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the target of unusually large options trading on Wednesday. Stock investors purchased 53,992 put options on the company. This is an increase of 1,619% compared to the average daily volume of 3,141 put options.

Institutional Investors Weigh In On Floor & Decor

A number of large investors have recently bought and sold shares of FND. Northwestern Mutual Wealth Management Co. grew its holdings in Floor & Decor by 1,060,525.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,881,888 shares of the company’s stock valued at $236,368,000 after buying an additional 3,881,522 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Floor & Decor by 46.0% during the 3rd quarter. Principal Financial Group Inc. now owns 6,398,431 shares of the company’s stock valued at $471,567,000 after buying an additional 2,015,999 shares during the last quarter. Capital World Investors grew its holdings in Floor & Decor by 37.2% during the 3rd quarter. Capital World Investors now owns 6,914,316 shares of the company’s stock valued at $509,589,000 after buying an additional 1,872,892 shares during the last quarter. Champlain Investment Partners LLC acquired a new stake in Floor & Decor during the 4th quarter valued at $108,060,000. Finally, Durable Capital Partners LP acquired a new stake in Floor & Decor during the 2nd quarter valued at $106,221,000.

Floor & Decor Stock Performance

FND opened at $47.63 on Thursday. The stock has a market cap of $5.14 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.98 and a beta of 1.82. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.33 and a quick ratio of 0.34. The stock’s 50 day simple moving average is $55.80 and its 200 day simple moving average is $62.59. Floor & Decor has a 1-year low of $46.47 and a 1-year high of $92.40.

Floor & Decor (NYSE:FND) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Floor & Decor had a return on equity of 8.99% and a net margin of 4.45%.The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.44 EPS. Floor & Decor has set its FY 2026 guidance at 1.980-2.180 EPS. As a group, equities analysts anticipate that Floor & Decor will post 2.08 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup cut their target price on Floor & Decor from $75.00 to $60.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Bank of America downgraded Floor & Decor from a “buy” rating to an “underperform” rating and set a $45.00 target price for the company. in a research note on Friday, April 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Floor & Decor in a research note on Monday. Piper Sandler cut their target price on Floor & Decor from $80.00 to $78.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Finally, Zelman & Associates lowered their price target on Floor & Decor from $80.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.22.

Floor & Decor Company Profile

Founded in 2000 and headquartered in Atlanta, Floor & Decor Holdings Inc is a specialty retailer focused on hard surface flooring and related accessories in the United States. The company serves both professional installers and do-it-yourself customers through a growing network of warehouse-format stores and a comprehensive e-commerce platform.

Floor & Decor’s product offering spans ceramic and porcelain tile, engineered and solid hardwood, laminate, luxury vinyl plank and tile, natural stone and a full suite of installation materials such as grout, mortars and underlayment.