Stock Traders Purchase High Volume of Floor & Decor Put Options (NYSE:FND)

Floor & Decor Holdings, Inc. (NYSE:FND) was the recipient of unusually large options trading on Monday. Traders acquired 28,849 put options on the stock. This is an increase of 830% compared to the typical volume of 3,102 put options.

Floor & Decor Price Performance

FND opened at $66.97 on Tuesday. The firm’s fifty day moving average price is $84.35 and its two-hundred day moving average price is $97.34. The company has a market capitalization of $7.19 billion, a price-to-earnings ratio of 35.25, a P/E/G ratio of 19.06 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.16 and a quick ratio of 0.29. Floor & Decor has a 1 year low of $66.01 and a 1 year high of $126.74.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted its stake in Floor & Decor by 76.8% in the fourth quarter. Capital Research Global Investors now owns 13,316,446 shares of the company’s stock valued at $1,327,653,000 after purchasing an additional 5,784,573 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Floor & Decor by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 9,792,571 shares of the company’s stock valued at $976,319,000 after buying an additional 133,766 shares during the last quarter. Timucuan Asset Management Inc. FL grew its stake in shares of Floor & Decor by 0.4% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 1,790,938 shares of the company’s stock worth $178,557,000 after acquiring an additional 7,329 shares during the period. JPMorgan Chase & Co. raised its stake in Floor & Decor by 16.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,617,658 shares of the company’s stock valued at $200,865,000 after acquiring an additional 223,332 shares during the period. Finally, Two Creeks Capital Management LP lifted its holdings in Floor & Decor by 7.6% during the fourth quarter. Two Creeks Capital Management LP now owns 1,587,590 shares of the company’s stock valued at $158,283,000 after purchasing an additional 112,001 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on FND. Piper Sandler decreased their target price on Floor & Decor from $103.00 to $90.00 and set a “neutral” rating for the company in a research note on Monday, March 24th. JPMorgan Chase & Co. lifted their price objective on shares of Floor & Decor from $103.00 to $110.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. The Goldman Sachs Group downgraded shares of Floor & Decor from a “neutral” rating to a “sell” rating and set a $79.00 target price on the stock. in a research report on Thursday, January 30th. Gordon Haskett cut shares of Floor & Decor from a “buy” rating to a “hold” rating in a report on Friday, April 4th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $115.00 price objective on shares of Floor & Decor in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $103.56.

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.