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

Floor & Decor Holdings, Inc. (NYSE:FNDGet Free Report) was the target of some unusual options trading activity on Monday. Traders purchased 6,777 put options on the stock. This is an increase of approximately 80% compared to the typical volume of 3,761 put options.

Floor & Decor Stock Performance

Shares of FND stock opened at $95.20 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.21 and a current ratio of 1.17. Floor & Decor has a fifty-two week low of $76.30 and a fifty-two week high of $135.67. The company has a market capitalization of $10.19 billion, a P/E ratio of 45.99, a PEG ratio of 10.24 and a beta of 1.74. The stock has a 50 day moving average price of $114.57 and a two-hundred day moving average price of $114.10.

Floor & Decor (NYSE:FNDGet Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. Floor & Decor had a net margin of 5.11% and a return on equity of 11.80%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.66 EPS. Analysts expect that Floor & Decor will post 1.89 earnings per share for the current year.

Insider Activity at Floor & Decor

In other Floor & Decor news, CEO Thomas V. Taylor sold 34,199 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total transaction of $4,274,875.00. Following the transaction, the chief executive officer now owns 168,386 shares in the company, valued at $21,048,250. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Peter Starrett sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $118.24, for a total value of $591,200.00. Following the transaction, the director now owns 128,189 shares in the company, valued at approximately $15,157,067.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas V. Taylor sold 34,199 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $125.00, for a total value of $4,274,875.00. Following the sale, the chief executive officer now directly owns 168,386 shares of the company’s stock, valued at $21,048,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,778 shares of company stock valued at $5,182,791. 2.10% of the stock is owned by company insiders.

Institutional Trading of Floor & Decor

Institutional investors have recently modified their holdings of the company. Polen Capital Management LLC increased its position in Floor & Decor by 59,133.5% during the 4th quarter. Polen Capital Management LLC now owns 25,184,312 shares of the company’s stock valued at $27,861,000 after purchasing an additional 25,141,795 shares during the period. Capital Research Global Investors increased its position in shares of Floor & Decor by 20.4% during the first quarter. Capital Research Global Investors now owns 7,871,841 shares of the company’s stock valued at $1,020,348,000 after buying an additional 1,334,650 shares during the period. Capital World Investors increased its position in shares of Floor & Decor by 5.6% during the fourth quarter. Capital World Investors now owns 11,908,550 shares of the company’s stock valued at $1,328,518,000 after buying an additional 627,256 shares during the period. Wellington Management Group LLP raised its stake in Floor & Decor by 435.1% in the third quarter. Wellington Management Group LLP now owns 653,740 shares of the company’s stock worth $59,163,000 after buying an additional 531,574 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Floor & Decor by 3,355.8% in the fourth quarter. Principal Financial Group Inc. now owns 444,583 shares of the company’s stock worth $49,598,000 after buying an additional 431,718 shares during the period.

Analysts Set New Price Targets

Several analysts have commented on FND shares. UBS Group lowered their price objective on shares of Floor & Decor from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Evercore ISI lifted their target price on shares of Floor & Decor from $120.00 to $125.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 14th. Wedbush restated an “outperform” rating and set a $125.00 target price on shares of Floor & Decor in a research report on Friday, May 3rd. Mizuho decreased their price target on Floor & Decor from $115.00 to $110.00 and set a “neutral” rating on the stock in a research report on Friday, May 3rd. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $110.00 target price on shares of Floor & Decor in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $109.24.

Read Our Latest Research Report on Floor & Decor

About Floor & Decor

(Get Free Report)

Floor & Decor Holdings, Inc together with its subsidiaries, operates as a multi-channel specialty retailer of hard surface flooring and related accessories, and commercial surfaces seller in Georgia. The company offers tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative accessories, wall tiles, and installation materials and tools; and vanities, shower doors, bath accessories, faucets, sinks, custom countertops, bathroom mirrors, and bathroom lighting.

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