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

Floor & Decor Holdings, Inc. (NYSE:FND) saw unusually large options trading activity on Monday. Traders purchased 7,614 put options on the company. This is an increase of 160% compared to the average daily volume of 2,934 put options.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FND. Capital Research Global Investors raised its holdings in shares of Floor & Decor by 76.8% during the 4th quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock worth $1,327,653,000 after acquiring an additional 5,784,573 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Floor & Decor by 12,208.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,327,267 shares of the company’s stock worth $132,329,000 after acquiring an additional 1,316,484 shares during the period. FMR LLC raised its holdings in shares of Floor & Decor by 34.7% during the 3rd quarter. FMR LLC now owns 5,015,871 shares of the company’s stock worth $622,821,000 after acquiring an additional 1,291,214 shares during the period. Fisher Funds Management LTD purchased a new stake in Floor & Decor in the 4th quarter valued at about $128,797,000. Finally, Marshall Wace LLP purchased a new stake in Floor & Decor in the 4th quarter valued at about $109,574,000.

Analyst Ratings Changes

FND has been the subject of a number of recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $115.00 price target on shares of Floor & Decor in a research report on Friday. Barclays raised shares of Floor & Decor from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $75.00 to $91.00 in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of Floor & Decor from $95.00 to $105.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Stifel Nicolaus raised shares of Floor & Decor from a “hold” rating to a “buy” rating and lifted their target price for the company from $100.00 to $110.00 in a report on Monday. Finally, Piper Sandler cut their target price on shares of Floor & Decor from $118.00 to $103.00 and set a “neutral” rating for the company in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.68.

Floor & Decor Price Performance

FND traded up $2.12 on Monday, hitting $96.39. 564,318 shares of the company’s stock were exchanged, compared to its average volume of 1,596,617. Floor & Decor has a fifty-two week low of $89.06 and a fifty-two week high of $135.67. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $99.62 and a 200-day moving average price of $106.06. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 19.06 and a beta of 1.83.

Floor & Decor (NYSE:FND) last announced its earnings results on Thursday, February 20th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.14. Floor & Decor had a net margin of 4.62% and a return on equity of 9.80%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.08 billion. As a group, equities analysts anticipate that Floor & Decor will post 2 earnings per share for the current year.

Floor & Decor Company Profile

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.